PGGM: Securities lending lessons for responsible investors
From Investments and Pensions Europe:
Securities lending is not usually associated with responsible investment, but given the right approach it can bring in incremental income without sacrificing principles.
That was the argument of Roelof van der Struik, a portfolio manager at major Dutch pensions investor PGGM, speaking at a conference of the World Pensions Council in London last week. PGGM’s main client, healthcare pension fund PFZW, has a strong responsible investment policy and wouldn’t tolerate the practice if it wasn’t done properly, he added.