IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-30757-5_13.html
   My bibliography  Save this book chapter

Organization

In: Investment Beliefs

Author

Listed:
  • Kees Koedijk

    (Tilburg University)

  • Alfred Slager

    (Tilburg University
    Stork Pension Fund)

Abstract

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.

Suggested Citation

  • Kees Koedijk & Alfred Slager, 2011. "Organization," Palgrave Macmillan Books, in: Investment Beliefs, chapter 13, pages 121-129, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30757-5_13
    DOI: 10.1057/9780230307575_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-30757-5_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.