BlackRock (BLK) and Janus Henderson (JHG) have been dropped as external managers of Dutch pension fund PFZW's list of external managers overseeing its credit portfolio, Bloomberg reported Tuesday, citing people familiar with the matter.

BlackRock's credit mandate was valued at under 1 billion euros ($1.18 billion), while Janus Henderson managed a little over 1 billion euros, according to the report.

The move is part of PFZW's broader overhaul as the fund wants its asset managers to treat sustainability risks on par with other financial considerations, the report said.

PFZW has reassigned about 11 billion euros in total credit mandates, Bloomberg reported last week.

BlackRock previously also lost a 14.5 billion euro equity mandate with the pension fund, Bloomberg reported earlier.

Neither BlackRock nor Janus immediately responded to requests for comment from MT Newswires.

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