{"id":193626,"date":"2025-12-15T22:19:07","date_gmt":"2025-12-15T22:19:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/193626\/"},"modified":"2025-12-15T22:19:07","modified_gmt":"2025-12-15T22:19:07","slug":"blackrock-loses-5-9-billion-mandate-from-dutch-pension-pme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/193626\/","title":{"rendered":"BlackRock Loses $5.9 Billion Mandate From Dutch Pension PME"},"content":{"rendered":"

PME<\/a>, a Dutch pension fund overseeing<\/a> about $70 billion, has severed ties with BlackRock Inc.<\/a> based on an assessment that the world\u2019s largest money manager no longer acts in its best interests on issues such as climate risk.<\/p>\n

The decision means that BlackRock will no longer oversee a \u20ac5 billion ($5.9 billion) equity mandate, PME said by email. Instead, the portfolio is being transferred to UBS Group AG<\/a> and MN<\/a>, an investment manager based in The Hague, PME said. A decision on how much each firm will manage will be made in the coming months, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"PME, a Dutch pension fund overseeing about $70 billion, has severed ties with BlackRock Inc. based on an…\n","protected":false},"author":2,"featured_media":193627,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[21538,72,1813,176,44942,18447,61,1831,60,29741,6107,174,175,103706,4627,103707,62796],"class_list":["post-193626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-blackrock-inc","tag-business","tag-europe","tag-finance","tag-fund-management","tag-green","tag-ie","tag-investing","tag-ireland","tag-money-manager","tag-new-york-city","tag-personal-finance","tag-personalfinance","tag-pme","tag-superannuation","tag-the-hague","tag-ubs-group-ag-reg"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/193626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=193626"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/193626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/193627"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=193626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=193626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=193626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}