This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pensioenfonds Horeca & Catering Selects Principal Global Investors For Emerging Markets Equity Mandate

The governing board of Pensioenfonds Horeca & Catering has awarded Principal Global Investors (Europe) Ltd a $100 million emerging market equities mandate.

Pensioenfonds Horeca & Catering is the occupational pension fund for the Dutch hospitality and catering industry. Principal Global Investors (Europe) Ltd is the UK registered entity of Principal Global Investors, a leading global asset manager and a member of the Principal Financial Group® (NYSE:PFG).

“The Netherlands continues to be an important growth market for Principal Global Investors. We currently manage more than $3 billion in assets for 11 Dutch clients,” says Jeroen van Rooij, head of institutional business development for Principal Global Investors – Benelux and Nordics. “Our multi-boutique strategy appeals to a large number of corporate and industry-wide pension funds. We are very pleased to add Pensioenfonds Horeca & Catering to our list of clients and look forward to a long and fruitful relationship.”

Pensioenfonds Horeca & Catering has approximately 900,000 participants from 36,000 employers. It is one of the 10 largest pension funds in the Netherlands.

“Principal Global Investors proved they can consistently add value by active management. Their large, dedicated team, which is very disciplined and well-structured, was a key factor in our decision making,” said Wouter Jan Naborn, head of asset management at Pensioenfonds Horeca & Catering. “Furthermore, risk management and compliance are vested in the organization.”

About Pensioenfonds Horeca & Catering

Pensioenfonds Horeca & Catering is the pension fund for the Dutch hospitality and catering industry. The mandatory industry wide fund has approximately 900,000 participants on the current and former payroll of some 36,000 employers. Pensioenfonds Horeca & Catering is one of the 10 largest pension funds in the Netherlands in terms of (former) participants and affiliated employers. On June 30, 2012, Pensioenfonds Horeca & Catering held approximately €4.8 billion in assets.

About Principal Global Investors:

Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group ®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $259.8 billion in assets 1 primarily for retirement plans and other institutional clients 2.

About the Principal Financial Group

The Principal Financial Group ® (The Principal ®) 3 is a global investment management leader including retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500 ®, the Principal Financial Group has $367.1 billion in assets under management 4 and serves some 18.2 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit

1 As of June 30, 2012

2 Principal Global Investors is the asset management arm of the Principal Financial Group ® (The Principal ®)¹ and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model.

3 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

4 As of June 30, 2012.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs