These and other changes mark the completion of an asset mix overhaul by the €2bn pension fund. : France and Germany are the two countries that stand out the most for their comprehensive state pension systems and for underdeveloped second-pillar framework Sociologists are likely to see contrarian investors as deviants, while psychologists may see them as healthy, ‘independent’ thinkers The €2bn Dutch pension fund of Hewlett Packard said it had divested its hedge funds holdings and had invested in Dutch residential mortgages at the expense of global bonds.