AEGON Asset Management Wins Asset Management Mandate From Stichting Notarieel Pensioenfonds

THE HAGUE, The Netherlands, December 3  /PRNewswire-FirstCall/ -- AEGON Asset Management has won the mandate to manage a fixed income portfolio on behalf of Stichting Notarieel Pensioenfonds (SNPF). SNPF is the occupational pension fund for the notaries and junior notaries. SNPF's total assets under management amount to approximately EUR 1 billion.

The mandate comprises two major parts. The first part is the active management of a EUR 100 million fixed income portfolio. AEGON will manage this portfolio using a Core Plus investment strategy that matches the risk/return requirements as set by SNPF. The Core Plus investment strategy effectively combines the efficiency of passive investments with the portable alpha of AEGON's fixed income overlay fund.

The second part of the mandate concerns the active management of a fixed income overlay fund. The objective of the overlay is to provide additional return on top of the return of an existing loan portfolio of EUR 140 million with SNPF. The entire mandate is effective as of December 1, 2009.

Max Muntinga, Directeur SNPF: "We have chosen AEGON Asset Management because of its expertise in fixed income with which they have achieved excellent investment performance. AEGON is an asset manager that understands the investment issues of pension funds, and provides effective and transparent solutions. The mandate that we awarded to AEGON matches perfectly with our requirements and adds the benefits of diversification to the existing investment strategies."

Michel Hulters, European Head of Institutional Sales: "We are very pleased that Stichting Notarieel Pensioenfonds chose AEGON Asset Management for managing a part of its fixed income portfolio. The active management of fixed income portfolios has been one of our core competencies for many years. Our investment style is marked by its structured and disciplined approach to decision-making and its focus on risk management."

About AEGON Asset Management

AEGON Asset Management takes an active approach to managing investments, helping retail and institutional clients to maximize available investment opportunities and realize their financial objectives. As part of AEGON, AEGON Asset Management has businesses in over twenty countries in Europe, the Americas and Asia. AEGON Asset Management manages approximately EUR 200 billion on behalf of individual investors, financial institutions, pension funds and insurance companies around the world. The AEGON Asset Management businesses employ over 1,300 staff worldwide.

  This press release is also available on http://www.aegonam.co.uk/.

  Contact information

  Media relations: Thurstan Robinson
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DATASOURCE: AEGON Asset Management



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