Spf Beheer And Investment Management: Related Or Separate Entities?

SPF Beheer is a medium-sized pension provider for the Railway Pension Fund and the Foundation for Public Transport Fund, based in Utrecht, Netherlands. It provides advice and execution of pensions, asset management, and other arrangements for a select group of customers. On the other hand, SPF Investment Management, L.P. is a large advisory firm based in New York, registered with the SEC as an adviser since 2018. It provides portfolio management services and specializes in structured credit products, instruments, and investments. While both companies share the initials SPF and are involved in financial services, there is no indication that they are directly related or affiliated with each other.

SPF Beheer is a medium-sized pension provider

The pension fund is a union pension fund specifically for the Railways and Public Transport industry. It is a non-compulsory industry pension fund, giving employees in these sectors access to a corporate pension plan.

SPF Beheer is also involved in investment banking and asset management. The company has a team of professionals who offer expertise in various areas, including business consulting and IT management.

In terms of its investment activities, SPF Beheer has collaborated with other Dutch companies on a joint investment platform. This platform aims to reduce fees and expand opportunities in private equity.

While there is a company called SPF Investment Management, it is based in New York and is a separate entity. It is a large advisory firm managing regulatory assets for client accounts.

SPF Investment Management is a large advisory firm

SPF Investment Management, L.P. is a large advisory firm based in New York. It has been registered with the SEC as an adviser since 2018 and operates within the jurisdiction of New York. The firm provides investment management services with a focus on the structured credit market. Notably, SPF Investment Management does not offer financial planning services to its clients. Instead, it specialises in portfolio management for pooled investment vehicles.

The firm manages $3.2 billion in regulatory assets across 4 client accounts. The majority of its clients are foreign persons or businesses, and it also advises several private funds, including a hedge fund. SPF Investment Management's revenue streams are primarily based on a percentage of assets under management and performance-based fees. This compensation structure promotes long-term client relationships and aligns mutual interests.

SPF Investment Management's assets under management (AUM) have remained stable since the firm's inception, with no growth recorded. Of the total AUM, $2.2 billion is attributable to clients outside of the United States. The firm manages these assets in discretionary accounts, where all decisions are made on behalf of the clients. On average, each discretionary account holds $799.85 million.

The company has a relatively small team of 16 employees, 56% of whom work as investment advisers or researchers. The firm's principal office is located at 220 Fifth Avenue, New York, NY 100001, and it does not maintain any additional offices outside the United States.

SPF Beheer is based in the Netherlands

SPF Beheer is a Netherlands-based pension fund that was established in 1996. The company is headquartered in Utrecht, Netherlands, and its website is www.spfbeheer.nl.

SPF Beheer provided advisory services to the Pension Fund Rail & Public Transport in matters relating to management control, pension administration, and asset management. It was a non-compulsory industry pension fund for the Railways and Public Transport industry. The fund had a diverse asset allocation, including investments in developed and emerging markets, corporate bonds, real estate, emerging market debt, impact investments, and more.

In addition to its pension fund activities, SPF Beheer also participated in joint investment ventures within the Netherlands. For example, they teamed up with Achmea Investment Management, Blue Sky Group, and others on a platform designed to lower fees and expand opportunities in private equity.

As of January 1, 2021, SPF Beheer ceased to exist and is no longer an active fund. However, its impact and contributions to the pension industry in the Netherlands are noteworthy.

SPF Investment Management is based in New York

SPF Investment Management is a large advisory firm based in New York. It is a registered investment adviser that provides investment management services to clients, focusing on the structured credit market. The firm manages $3.2 billion in regulatory assets for 4 client accounts, all of which are managed in discretionary accounts. 75% of the firm's clients are foreign persons or businesses.

SPF Investment Management provides portfolio management for pooled investment vehicles and advises several private funds, including a hedge fund. The firm does not provide financial planning services to its clients and does not engage in other business activities.

The company has 16 employees, 56% of whom work as investment advisers or researchers. The principal office of SPF Investment Management is located at 220 Fifth Avenue, New York, NY 10001, and its phone number is 212-457-8745.

SPF Investment Management is a separate entity from SPF Beheer, which is a union pension fund based in Utrecht, Netherlands. SPF Beheer was established in 2020 as a non-compulsory industry pension fund for the Railways and Public Transport industry. It has been reported that SPF Beheer teamed up with two other Dutch companies on a joint investment platform to lower fees and expand opportunities in private equity.

SPF Beheer is a pension fund for rail and public transport workers

SPF Beheer was formed through the merger of the previously separate Rail & OV and SPF Beheer pension funds. The merger was undertaken to improve process efficiency and reduce costs, such as management fees. The consolidation of the two funds' assets into a single entity, 'Rail-OV', presented several operational challenges, including the need to reconcile data from different systems and the impact of the coronavirus pandemic, which caused extreme volatility in financial markets. Despite these challenges, the migration was completed on schedule and within budget, thanks to careful planning and expertise.

The investment strategy of SPF Beheer includes allocations to developed and emerging market equities, corporate bonds, listed and Dutch real estate, emerging market debt, high-yield bonds, impact investments, and LDI investments. The fund also holds some cash and derivative positions. As of December 31, 2022, the asset allocation of SPF Beheer was as follows: 22.4% in developed markets equities, 6% in emerging markets equities, 7.6% in corporate bonds, 2.5% in listed real estate, 9.8% in direct Dutch real estate, 7.1% in emerging market debt, 1.9% in high-yield bonds, 0.5% in impact investments, 25.5% in LDI investments, and 1% in cash and derivatives.

In addition to its pension fund management, SPF Beheer has also been involved in other initiatives in the investment space. For instance, in 2019, SPF Beheer teamed up with Achmea Investment Management and Blue Sky Group in the Netherlands to create a joint investment platform. This platform was designed to lower fees and expand opportunities in private equity for the involved entities.

Frequently asked questions