DWS wins mandate to run up to €6B in sustainable German pension funds
What's the deal? DWSDealroom has a profile for this one. Try Dealroom → has won the mandate to manage a new special fund holding pension reserves for the German states of Hesse and Baden-Württemberg. The vehicle carries a volume of €3 billion to €6 billion.
How it works: The fund is an index-based alternative investment fund (AIF) that invests in euro corporate bonds meeting strict EU climate standards. The aim is to cover future pension obligations.
Who's backing it? Investors include the pension fund of Baden-Württemberg, the Alterssparbuch Hessen, and the federal government's special fund. For the federal share, the Bundesbank will acquire fund units for its portfolios.
The Alterssparbuch Hessen, set up as a special fund in 1999, exists to cover future pension liabilities. It invests in fixed-income securities, corporate bonds, and green bonds, among others.
The bigger picture: To deepen its work with institutional clients, DWS has named Florian Fritsche head of institutional sales in Germany. The firm has also brought on DekaBankDealroom has a profile for this one. Try Dealroom → and STOXX Ltd. as partners.
The signal: The mandate underscores how public pension money in Germany is increasingly steered toward investments aligned with EU climate standards, cementing DWS's role in sustainable asset management.
Read more: Neue Allgemeine
