APG hires in-house weatherman to interpret climate data
Europe’s wettest summer in a century prompts asset managers to calculate flood risk for real estate
A $724.6 billion pension fund investor has hired a meteorologist to work out the risk of its property investments becoming flooded after external data providers failed to provide consistent answers.
Algemene Pensioen Groep, which manages money for the Netherlands’ largest pension fund, has employed Willem van der Pas to take flood risk data from external suppliers and use it to calculate the impact on asset valuations and the wisdom of future investments in property.
APG decided it needed in
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