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Dutch managers flee pension funds

The Dutch labour market for fund managers is enduring an upheaval as senior staff are being lured from pension funds to commercial managers by higher pay.

The company pension fund for Hoogovens, the Dutch steelmaker, has lost two senior managers in the past month. Iwan Lont resigned as portfolio manager to join Lombard Odier Darier Hentsch, the Swiss private banking group, in Amsterdam, where he will be portfolio manager for fixed income and tactical asset allocation.

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