ABP, the Dutch €150bn ($140bn) pension fund for civil servants, is planning to allocate a further €15bn or 10% of total assets to equities investment.

The move increases ABP's equity allocation from 42% to 52% of total assets and signals potential rich pickings for international fund managers looking to add the Dutch pension giant to their list of clients. The fund, however, refused to say how much of the €15bn would be awarded to external managers.