Societe Generale Securities Services GmbH (SGSS GmbH) Germany has been mandated by Baloise Asset Management to provide master KVG services for two of its pension funds, managing a total of €2.58.
The agreement includes Basler Lebensversicherungs-AG in Hamburg and Basler Sachversicherungs-AG in Bad Homburg, which combined consist of 11 sub-funds.
KVG (Kapitalverwaltungsgesellschaft) services are German regulated capital management companies which mainly offer administrative services such as reporting, controlling, accounting, performance measurement and comparison.
By outsouring its fund administration Baloise aims to benefit from SGSS’s track record of managing Spezialfonds, a German specific investment structure aimed at institutional investors.
As part of the agreement, SGSS Germany will provide standard fund administration services to meet statutory requirements, in addition to investor reporting required by the pension funds, ranging from performance measurement, performance attribution and risk analysis services.