SWEDEN - The e20bn Fjarde AP-Fonden (AP4) has appointed performance measurement company ORTEC to provide insight into its investment policy and strategy.
ORTEC will employ its PEARL tool to examine AP4’s currency overlay and fixed income strategies. ABP, AP3, HSBC Asset Management Europe, and Delta Lloyd Asset Management have already adopted PEARL.
AP4, one of five buffer funds in the Swedish public pension system, invests its capital to provide long-term return for the state pension scheme as a whole.
In other Swedish news, the AMF pension fund has announced its chief of real estate management Tom Jensen is retiring, to be replaced by Mats Hederos.
Jensen will leave on 30 April after 15 years at the company. Heder joins on 18 April - the two will work in tandem during that overlap.
By Lisa Haines
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.