Stichting Pensioenfonds ABP

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Stichting Pensioenfonds ABP (National Civil Pension Fund)
Type	Private Ownership ( NV)
Founded	1922
Headquarters	Heerlen, Netherlands
Industry	Pension Fund
Products	Pension, Financial Services
Total assets	€215 billion ($300+ billion)

Stichting Pensioenfonds ABP ("National Civil Pension Fund"), frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands. For the year ended December 31, 2007, ABP had 2.7 million active participants and assets under management of €216 billion ($313 billion), making it the largest pension fund in the Netherlands and among the three largest pension funds in the world ^[1].

ABP’s predecessor, the Algemeen Burgerlijk Pensioenfonds ("Dutch Civil Servants Pension Fund"), was established in 1922 following the adoption of the superannuation act, which regulated the pensions of civil servants. Originally, the pension fund was a government controlled entity that fell under the authority of the minister of home affairs in The Hague. In January 1996, ABP was privatized although its primary function remains unchanged. Effective March 3, 2008 the name of ABP was changed to APG, which is a Dutch acronym for general pension group.

ABP is headquartered in Heerlen, Netherlands. The current Executive Board President is Dick Sluimers, who assumed the role following the sudden death of his predecessor John Neervens in November 2006.

1 Investments
2 US Investment Activities
3 References
4 Further reading

[edit] Investments

ABP manages the bulk of its investments in-house through its captive investment unit APG Investments, a privately owned investment manager. APG operates as a subsidiary of Stichting Pensioenfonds ABP and was formerly known as ABP Investments.

In 2006, ABP and PGGM, another large Dutch pension fund, considered a spinoff of their investment management businesses.