SWEDEN - Two of Sweden's national pension funds, AP2 and AP3, are gearing up for mandate tenders by April.
Speaking at the European Pensions Summit in Barcelona, AP3’s deputy chief executive officer, Niklas Ekvall, said that the fund was in the throws of finalising its investment strategy and technicals for a 2.5% allocation to a fund of hedge funds.
AP2’s head of fixed income Ole-Petter Langeland, head of fixed-income, said the fund was also looking to issue its new fixed income tenders by April. These will include global government and corporate bonds, including the US.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.