Hedge Fund AQR Loses $4.7 Billion Dutch Pension Fund Mandate (2)

AQR Capital Management is among firms to have lost its mandate with PFZW, as the Dutch pension fund cuts a number of external managers due to concerns that they’re not adequately focused on sustainability.

The Greenwich, Connecticut-based hedge fund manager had overseen a “bit more than” €4 billion ($4.7 billion) for PFZW, a spokesperson for the Dutch pension fund told Bloomberg. The decision is part of a wider adjustment that also saw PFZW drop a €14.5 billion mandate with BlackRock Inc. and a €15 billion mandate with Legal & General Group.

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