NN Investment Partners

NN Investment Partners (also known as NN IP) is a Netherlands-based asset manager, with headquarters in The Hague and offices in 15 countries in Europe, Asia and the Americas. The company is a wholly owned subsidiary of NN Group, the biggest Dutch life insurer.[1] NN IP is an active manager for institutional and wholesale investors around the world. It manages €287 billion in assets for clients,[2] integrating Environmental, social and corporate governance (ESG) criteria throughout the investment process for the majority of its strategies. NN IP is globally ranked as the 87th biggest asset management firm [3] and the third biggest Dutch asset manager.[4] NN IP offers its services to pension funds, insurers, family offices, independent financial advisers, banks and private individuals; in addition to managing the assets of the NN Group.

NN Investment Partners
TypeDivision
IndustryAsset Management
Founded1994 
HeadquartersThe Hague, Netherlands
Key people
CEO: Satish Bapat, CIO: Valentijn van Nieuwenhuijzen
ParentNN Group
Websitewww.nnip.com

Responsible Investment Policy

In 2019, NN IP published its first Responsible Investing Report,[5] in which it provides insights into how it integrates environmental, social and governance (ESG) criteria into its investment processes. According to the report a set of ESG criteria is applied to 67% of its total assets under management.[6]

Active engagement

NN IP generally pursues active engagement with potentially controversial companies to help them improve their ESG profiles. One example cited by NN IP is the palm oil industry. Engagements with several large plantation companies have resulted in progress on encouraging them to pursue a more sustainable policy. In 2019, NN IP became a member of the Roundtable on Sustainable Palm Oil (RSPO).[7]

Exclusion lists

In a limited number of cases, the company has divested it holdings in sectors deemed detrimental to society and/or the planet. Excluded business activities include adult entertainment, arctic drilling, fur & specialty leather, gambling, nuclear energy, shale oil & gas and weapons.

Partnerships

Assets under management

Products and Services

Funds and investment strategies

NN IP actively manages a diverse range of funds within fixed income, equity, multi-asset and alternatives investment strategies investment funds.[15] Fixed income strategies account for almost two-thirds of the firm’s assets under management. Within fixed income, the company is especially active in specialised fixed income like the emerging market debt market and the growing market for “green” bonds, whose proceeds are used to finance projects that benefit the environment. NN IP is also focusing on the alternative credit market, an asset class that comprises less-liquid loans and financing channels, alongside its specialised equity, multi-asset and liquid alternative strategies.

Fiduciary management

The company’s fiduciary services include providing insurance strategies and pension solutions tailored for individuals as well as companies.

Liability-driven investing

Its range of liability-driven investing (LDI) solutions are aimed at helping pension funds gain sufficient assets to meet their current and future liabilities, using combinations of fixed interest investment funds focused on specific durations and a selection of cash management and collateral management tools.

Manager selection, portfolio construction and monitoring

NN IP's independently operating subsidiary Altis specializes in the selection and monitoring of external managers and portfolio construction.

Online platforms

NN IP also offers private investors in the Netherlands and selected countries the means to build up personal capital or pension provisions by investing in its funds via several online platforms. These “direct execution” platforms, including the FitVermogen.nl solution for Dutch investors, enable individuals to place orders in funds of varying degrees of risk profile with the aim of achieving different financial goals.

History

The company was created under the name of ING Investment Management in 1994, when parent company NN Group was part of bank and insurance company ING Group. In the aftermath of the 2008 financial crisis, ING was required to divest its insurance activities and the asset management division.[16] NN Group, the combination of the two businesses, was listed on Euronext Amsterdam in 2014.[17] The following year, ING Investment Management was rebranded as NN Investment Partners.[18]

Milestones and product launches
  • 1993 - Dedicated Emerging Market Debt investment strategy[19]
  • 2000 - Global Sustainable Equity fund[19]
  • Aug 2008 - Signing UN's Principles for Responsible Investment[20]
  • Apr 2015 - ING Investment Management rebrands as NN Investment Partners[21]
  • May 2015 - Launching Emerging Markets loans fund partnering with FMO Netherlands Development Finance Company[22]
  • Mar 2016 - Dedicated euro green bond fund[23]
  • Apr 2016 - Multi-Asset Factor Opportunities fund[24]
  • Dec 2016 - Patrimonial Balanced European Sustainable fund[25]
  • Dec 2017 - Joining the Climate Action 100+ Initiative[26]
  • Mar 2018 - Emerging Markets Debt Short Duration Hard Currency fund[27]
  • May 2018 - Global Convertible Bond fund[28]
  • Apr 2019 - Short-Duration Green Bond fund[29]
  • Apr 2019 - Adopting of the Equator Principles[30]
  • Nov 2019 - Acquiring majority stake in Venn Hypotheken[31]

References
  1. "Netherlands: biggest life insurance companies 2018". Statista. Retrieved 19 December 2019.
  2. "About NN Investment Partners". Retrieved 2019-12-04.
  3. KennedyJune 2018, Liam. "Top 400 Asset Managers 2018: 10 years of asset growth". IPE.
  4. "Dutch asset manager tables 2018". Reference Hub.
  5. "Responsible Investing Report 2018". NN Investment Partners. Retrieved 19 December 2019.
  6. "NN Investment Partners integrates stringent ESG criteria in the large majority of its AuM". Retrieved 2019-12-04.
  7. "Dutch investors Robeco, NN IP and Actiam speak out on sustainable palm oil". Duurzaam Financieel. 5 March 2019. Retrieved 19 December 2019.
  8. "NN Investment Partners". PRI. Retrieved 19 December 2019.
  9. "Investors". Climate Action 100+. 2 July 2018. Retrieved 19 December 2019.
  10. "news - NN Investment Partners and FMO to launch Emerging Markets loans fund - FMO". www.fmo.nl. Retrieved 19 December 2019.
  11. "ECCE - NN IP study shows ESG factors drive higher performance…". ECCE. 19 December 2019. Retrieved 19 December 2019.
  12. "Platform Living Wage Financials – Platform Living Wage Financials". Retrieved 17 February 2020.
  13. "Network Members". FAIRR. Retrieved 17 February 2020.
  14. "NN Investment Partners Holdings N.V. | Member". rspo.org. Retrieved 17 February 2020.
  15. "NN IP Funds". www.nnip.com. Retrieved 19 December 2019.
  16. "State aid: Commission approves ING restructuring plan and illiquid asset back-up facility". European Commission - European Commission. Retrieved 19 December 2019.
  17. Kharpal, Arjun (2014-07-02). "ING floats NN Group in Europe's biggest 2014 IPO". Retrieved 2017-07-21.
  18. "ING Investment Management rebrands as NN Investment Partners". Citywire Global. Retrieved 2017-07-21.
  19. "Our heritage". Retrieved 5 February 2020.
  20. "NN Investment Partners awarded A+ again by the Principles for Responsible Investment". www.nnip.com. Retrieved 19 December 2019.
  21. "ING Investment Management rebrands as NN Investment Partners". www.investmenteurope.net. 8 April 2015. Retrieved 19 December 2019.
  22. "NN Investment Partners and FMO to launch Emerging Markets loans fund". www.nnip.com. Retrieved 19 December 2019.
  23. "NN IP launches first dedicated euro green bond fund". www.nnip.com. Retrieved 19 December 2019.
  24. "NN IP launched NN (L) Multi-Asset Factor Opportunities". www.nnip.com. Retrieved 19 December 2019.
  25. "NN IP launches NN (L) Patrimonial Balanced European Sustainable fund". www.nnip.com. Retrieved 19 December 2019.
  26. "NN Investment Partners joins the Climate Action 100+ initiative". www.nnip.com. Retrieved 19 December 2019.
  27. "NN IP launches NN (L) Emerging Markets Debt Short Duration (Hard Currency) Fund". www.nnip.com. Retrieved 19 December 2019.
  28. "NN Investment Partners launches NN (L) Global Convertible Bond fund". www.nnip.com. Retrieved 19 December 2019.
  29. "NN Investment Partners launches short-duration green bond fund". www.nnip.com. Retrieved 19 December 2019.
  30. "NN Investment Partners adopts Equator Principles". www.nnip.com. Retrieved 19 December 2019.
  31. "NN IP acquires majority stake in Venn Hypotheken". www.investmenteurope.net. 26 November 2019.
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