SWEDEN - Mercer Investment Consulting is to advise Sweden's first national pension fund on manager selection for Pacific equities.
The team managing the project will be based in London.
Hanne Hother, senior consultant at Mercer, said: We are delighted and honoured to have secured this prestigious appointment in the Swedish market.
“We believe this win is a powerful endorsement of the strength and depth of Mercer’s global manager research and a demonstration of our commitment to the Nordic markets.
AP1 recently tendered for 1 or more managers for a E150m active pacific (ex-Japan) equities mandate and a E350m active Japanese equities brief. The fund is expected to shortlist tomorrow (May 20) with a final evaluation in July. Contracts start August 31. The mandates will be sourced using an existing passive global equity mandate run by Barclays Global Investors.
AP1 is one of the four buffer funds in the new Swedish pay-as-you-go state pension system. At the end of 2002, it had a fund size of over SEK117bn.
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