DENMARK - The e11bn Pensionskassernes Administration (PKA) has hired State Street Global Advisors (SSgA), to manage a US$100 million active Japanese equity mandate.
SSgA said that its active equity strategies utilise a highly risk-controlled process of stock selection within industries.
The process uses a combination of value, sentiment and technical measures. It spreads the portfolio allocation over several smaller active positions, with tightly controlled sector weightings, the company added in a press statement.
Benoît Fally, managing director at SSgA said: “We are pleased that PKA recognises the expertise of our investment professionals and the track record of our active equity strategies which have consistently outperformed against their benchmarks.
“We are delighted to expand on our relationship with PKA with this new mandate. Our investment team applies a philosophy aiming to produce impressive returns, despite a pattern of sustained volatility in the equity markets, and we look forward to a continued interest from Nordic institutions in our active equity strategies.”
Earlier this year, PKA had hired SSgA to run a $100m enhanced screened US equity mandate.
PKA is Denmark’s largest administration company for occupational pension funds.
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