Sections

AP3 equities chief Eriksson leaves

SWEDEN – The 16.6 billion-euro Third Swedish National Pension Fund, Tredje AP-fonden or AP3, says Magnus Eriksson - head of equities management - is leaving the fund.

“Magnus Eriksson will be leaving AP3 for a position as Investment Manager at MGA Holdings AB,” the fund said in a statement. He has been with AP3 since 1999.

“We have started the recruitment process, but it will take some time before we have hired a new head,” said spokeswoman Pernilla Klein.

AP3 has also hired media and telecoms specialist Nalini Bonnier from SEB Asset Management.

Earlier this month the scheme awarded three European mid-cap mandates totalling more than four billion crowns – to BNP Paribas Asset Management, AXA Rosenberg Investment Management and Kempen Capital Management.

AP3 made a return on its investments of 5.7% in the first half of 2004.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2517

    Asset class: Fixed income.
    Asset region: Global.
    Size: $70m.
    Closing date: 2019-03-20.

  • QN-2519

    Asset class: Fund wrapper.
    Asset region: Global.
    Size: EUR 80m.
    Closing date: 2019-03-29.

Begin Your Search Here