Massive Pension Fund Warns U.S. Investment Managers: Neglect of Fundamental Duties of Care in Investment Practices, Alarming Report Claims
Dutch Pension Giant Issues Warning Over US Money Manager Cooperation with Trump Administration
PME, a Dutch pension fund with a $65 billion asset size, has expressed concern over US money managers "caving into pressures" from President Donald Trump's administration by allegedly abandoning basic principles of responsible investing, according to a Bloomberg report.
Daan Spaargaren, PME's senior strategist for responsible investing, voiced his worries about US money managers not condemning President Trump's actions like dealing with climate change, undermining the judiciary, and eroding diversity, equity, and inclusion policies.
The PME has reportedly been rethinking its $5.7 billion mandate with BlackRock Inc., the world's largest asset manager, due to BlackRock's withdrawal from the Net Zero Asset Managers (NZAM) initiative. A decision from PME on the matter is anticipated within weeks.
Spaargaren stated that if US asset managers align their interests and policies with the Trump administration, they would legitimize questionable practices by accepting their funds.
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The Daily Hodl brings you the latest news and insights on the future of finance including macro, cryptocurrency, web 3, and beyond.[A1]
Sources:
[1] S. Goldstein and E. Burton, "PME Warns U.S. Money Managers Against Capitulating to Trump," Bloomberg, May 27, 2025, https://www.bloomberg.com/news/articles/2025-05-27/dutch-fund-pmc-warns-u-s-asset-managers-against-caving-in
[2] The Daily Hodl, "'Things Are About To Get Silly': Analyst Says Bitcoin on Cusp of Most Aggressive Expansion Since Inception," The Daily Hodl, May 23, 2025, https://dailyhodl.com/2025/05/23/things-are-about-to-get-silly-analyst-says-bitcoin-on-cusp-of-most-aggressive-expansion-since-inception/
- The Dutch pension giant PME, expressing concerns about US money managers following Trump's administration, has warned against aligning interests and policies with the government, fearing legitimization of questionable practices.
- In related finance news, a Stanford alumni group has launched a $28 million blockchain builders fund for Web 3.0 startups, highlighting the growing importance of blockchain technology in business and investment.
- Cryptocurrency analysts have issued alerts about potential dumps in Bitcoin prices, reminding investors to stay informed and cautious considering the volatile nature of the market.
- Meanwhile, general news reported an alleged hack of a decentralized exchange, resulting in the theft of over $200 million worth of cryptocurrencies, underscoring the ongoing need for secure investment practices across the finance and cryptocurrency industries.
