Sander Huizinga

PGGM favors equity investments in North American and Europe and in sectors including financial services, raw materials, services and information technology. Their fixed-income portfolios primarily focus on European government bonds, but they also invest in US bonds and investment-grade credits. Their investment process begins with asset allocation and risk budgeting using VAR and RVAR. They then allocate markets, determine the investment style and select either an internal or an external manager. As a socially responsible investor, the firm pays close attention to the corporate governance practices of the companies in which they invest and exercises their shareholder rights by voting at their general meetings.

AZL is an active, growth-oriented investor that manages portfolios invested in equity, bonds and money-markets. The firm manages equity funds which focus primarily on Europe; however they have significant holdings in securities from the US, the Emerging Markets, Japan and the Pacific region. AZL invests across sectors with a bias towards the financials sector. Their investment approach is based on asset liability management and a tactical asset allocation process which is then adapted in order to meet the requirements of each portfolio. The firm combines top-down macroeconomic research and bottom-up fundamental stock picking.