One of the most progressive investors in U.S. hedge funds is a European pension services organization little known off the Continent. APG Asset Management, which performs investment management services for a group of public and private Dutch pension funds, invests about $15 billion of its $371 billion in hedge funds, and has in recent years even started to seed managers. APG invested about $344 million in IMQubator, a fund of funds geared to seeding managers, in 2009 and has so far deployed most of that money to emerging hedge fund managers.
||Paul Spijkers: Distressed debt looks attractive.|
“We wanted to create a platform that stimulates growth in emerging managers,” says Paul Spijkers, APG’s chief investment officer of alternative investments and president of APG Asset Management U.S.
APG has evolved into one of the most innovative institutional investors in the world in part because of its...