SWEDEN - Sjunde AP-fonden (AP7) has appointed both Nordea and the Bank of New York (BNY) as its global custodian after tendering the brief earlier this year.
Nordea, the incumbent custodian, will team with BNY following their strategic agreement announced in August. A spokesman for BNY said the joint venture would increase Nordea’s custodial “clout” in the...
SWEDEN - Första AP-fonden (AP1) returned SEK 3bn ($463bn) after expenses in the first half of 2011, representing a return of 1.4%.
NORDICS - Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows.
SWEDEN - Swedish pension buffer fund AP4 is looking for up to three passive global equity managers.
SWEDEN - Sweden's €100bn ($143bn) state pensions funds are facing a wide-ranging government review which could result in mergers.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.