SWEDEN - Swedish Match has finalised its investment arrangements with the appointment of five managers to run mandates worth nearly EUR300m for its pension funds, according to Magnus Heimburg, global cash manager at the firm.
Heimburg revealed that the firm has hired US managers Wellington Management and Vanguard to run a total of EUR148.6m in global equities, equally split, with an active brief being awarded to the former and a passive mandate to the latter.
Additionally, the Swedish fund has appointed three managers to run Swedish equities and bonds mandates for the funds. Handelsbanken won a EUR110.2m fixed income brief, whilst Enter Kapitalförvaltning and Carlson Investment Management were appointed to run EUR39.6m each in equities.
Wassum Investment Consulting assisted with the searches.
The Stockholm-based firm is a manufacturer of tobacco-related paraphernalia.
By Geoffrey Ho
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