SWEDEN - Tredje AP-fonden, the SEK 152bn (e16.6bn) third Swedish national pension fund (AP3), has hired a new manager for a SEK 327m portfolio covering media and telecommunications on the European equities market.
Nalini Bonnier, who joins AP3 from SEB Asset Management, took up her new appointment on Monday.
She will look after the fund’s internally managed European equities.
AP3 spokesperson Erika Westlund said the move was part of a management reorganisation under which the former portfolio manager, Eskil Svensson, will now focus solely on the Swedish equities portfolio.
Svensson had previously been managing both the Swedish and European equities portfolios.
“Nalini is very competent to cover this area,” Westlund said.
She said no other management changes were planned at this stage.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead