PGGM
People: Credit Suisse’s FX revamp; Barclays hires co-heads; and more
Latest job changes across the industry

How PGGM made 11% a year selling credit protection to banks
Dutch investor expects returns to drop over time unless rising inflation widens risk premia

Mega-hedges and generational strife at PGGM
Buy-side risk survey: for Dutch pension giant, battle between young and old shaped response to March mayhem

Before and after the Covid-19 storm: buy-side risk survey
Wide-ranging survey reveals what worked and what didn’t in March – and what will change as a result
Structural snags frustrate STS for synthetics
Curbs on excess spread and collateral stymie route to ‘high-quality’ signifier
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades
Complexity and returns behind PFZW decision to ditch hedge funds
Dutch pension fund to focus on controllability and intelligibility
Pension funds call for clearing exemption extension
Funds cite inability to post non-cash variation margin as grounds for further relief