AEGON and Citi announced today the launch of the first multi-client cross-border asset pooling platform. The groundbreaking asset pooling platform, developed by TKP Investments, Citi and AEGON Global Pensions, was launched with total a
The groundbreaking asset pooling platform, developed by TKP Investments, Citi and AEGON Global Pensions, was launched with total assets invested with a value of more than €9 billion. Through the use of tax transparent investment funds under a European passport (UCITS), the unique platform will enable the multinational clients of AEGON Global Pensions to consolidate the management, investment and reporting of their pension assets, reducing both risk and costs.
Asset pooling provides multinational companies with a practical step towards pan-European pension funds. The asset pooling platform has been launched with both pension funds and insured funds from the Netherlands and the UK, including three tax-transparent UCITS funds for the UK market. The UCITS compliant funds, the AEGON Global Multi Manager Funds, include both equity and fixed income funds. The platform will be expanded to further countries over the course of 2009 with the launch of further UCITS funds.
Read more in the press release.
