Ahlstrom has selected SEI Investments to manage it's entire $90m US-based defined benefit pension plan.
Ahlstrom's decision to move its entire portfolio to a single manager was a result of an asset liability study (ALS) that it conducted earlier this year. The fund declined to say how many managers and what mandates they had prior to SEI's appointment.
The fund moved its entire portfolio to SEI's manager of managers program as it wished to move entirely to specialist management, according to a SEI senior vice president Vic Galef. William M Mercer advised the fund in the investment manager selection process.
Based in Finland, Ahlstrom provides high performance fibre based materials serving niche markets worldwide. The company's fiber products are used in a variety of everyday products for the environment, health care, transport, packaging and home & office. The company operates in more than 40 production sites on four continents with more than 9,000 employees.
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