SWEDEN - The Swedish Match Pension Funds are set to appoint new asset managers to run a total of approximately EUR81m in mandates by the end of the first quarter.
Magnus Heimburg, global cash manager at the EUR230m scheme, said that two managers will be hired to run a EUR46m active international equities mandate and a EUR34m international passive equities brief. Wassum Investment Consulting is assisting with the searches.
The mandates follow a recent asset liability study that the fund conducted, Heimburg said. As a result of the study, the fund decided to move out of both Swedish equities and bonds in favour of their European equivalents.
The Stockholm-based firm is a manufacturer of tobacco-related paraphernalia.
By Geoffrey Ho
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