DENMARK - ATP, the DKK256bn (EUR34bn) Danish pension fund, is tendering a $150-200m global emerging market equity mandate.
According to Helle Holm Madsen, head of investments at the fund, the closing date is December 31, 2001. The funds for the mandate are from new contributions and the move marks a slight change in investment strategy.
She added that the fund will tender a EUR100-150m emerging market bond mandate early next year.
She noted that the fund also wants more than one manager for each of its regional mandates and that existing managers will be reviewed on a performance basis.
Danske Capital has a $2.1bn US index equities mandate, a $600m active Japanese equities mandate and a $100m active equity mandate in Latin America. Nordea holds a $300m Far East equities mandate and Pimco and Morgan Stanley are appointed to manage high yield bonds worth $100m. The fund has expressed a separate interest in appointing a second Japanese equities manager.
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