SSgA loses out on SEK31bn

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SWEDEN - State Street Global Advisors (SSgA) has lost out on SEK31bn (US$4.6bn) as part of the seventh AP fund's (AP7) passive management shake up.

SSgA had run AP7's global passive exposure until the fund decided to diversify its exposure to include Northern Trust and Handelsbanken. Richard Grottheim, executive vice president at AP7, said ...

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