Key facts
- PGGM manages €271 billion in assets.
- The fund has allocated €7 billion to credit risk-sharing.
- PGGM is interested in fourth-trigger credit default swaps.
The Dutch pension fund manager PGGM, based in Zeist, is exploring opportunities to diversify its investments through fourth-trigger credit default swaps (CDSs). Joost Hoogeveen, a senior portfolio manager on the credit risk-sharing team, expressed hope that the firm can increase its participation in this specific segment of the derivatives market. PGGM currently manages €271 billion in assets and has allocated €7 billion ($7.8 billion) to its credit risk-sharing portfolio.