Organization

Innovation in investments comes in many guises as an investment belief. Strikingly, for the Dutch civil servants pension fund ABP, this is the faces of pop stars. In its constant search for new investment strategies, ABP bought several music catalogs in 2008 from Universal Music Group, the world’slargest music company. This way ABP became the first pension fund to invest in music rights. Approximately 90,000 songs also include hits of Bon Jovi, Beyonce, Madonna, and Michael Jackson.¹ The management is also nontraditional: CP Masters, a large Dutch music publisher, became responsible for actively managing the catalogs.² ABP expects a return of about 8% annually.