Gasunie Pension Fund

Gasunie Pension Fund

The Gasunie Pension Fund was established in 1965 to serve employees of the two principal Dutch gas companies. Its sponsor relationship with N.V. Nederlandse Gasunie remains the structural core of the plan. The portfolio centers on four Dutch residential real estate funds—Altera Residential Fund, Achmea Residential Fund and CBRE Dutch Residential Fund—plus a direct mortgage book that incorporates energy-efficiency incentives. Fixed-income exposure includes a 14-bond green and sustainable allocation and a 50-instrument European government bond ladder. Equity mandates are executed through State Street Global Advisors and Northern Trust custom ESG indices covering developed and emerging markets plus listed real estate. The fund employs no disclosed internal investment staff and routes mandates to external managers. State Street Global Advisors has served as investment manager since 2023; Goldman Sachs Asset Management acts as fiduciary manager and BlackRock previously held that role until 2023. The fund maintains memberships in Pensioenfederatie, VBDO and Eumedion. In December 2024 Joost Hooghiem spoke at GRIDTECH2024 in Brussels on hydrogen network development. Governance is anchored in the sponsor relationship with N.V. Nederlandse Gasunie, which supplies both the plan membership base and board leadership through Hooghiem’s dual role as fund president and Gasunie director.