AP7 cuts up mandates

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SWEDEN - AP7's Japanese and AsiaPacific equity mandates, each worth SEK3.7bn (US$570m), have been divided up between Nomura and Société Générale.

The deal means Nomura, which had managed all of AP7’s Japanese exposure, had a third of the portfolio value exchanged for an AsiaPacific mandate. It now manages two-thirds of the Swedish's organis...

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