mast image

Special Report

Impact investing


Swedish commune appoints external team

The Skr40m (e4.5m) scheme of Kommun of Jämtland in the heart of Sweden has appointed a raft of managers to its four funds, including specialist environmental and global equity mandates.
The scheme, currently amassing assets for the fund, has selected Morgan Stanley to manage around Skr4m in overseas shares and taken on Banco to look after a 4% environmental portion of the fund.
Swedish manager Alfred Berg has scooped in the region of Skr11m, 27% of the final fund amount, which it will invest in domestic equities and fixed-interest.
And the remaining 60% of the fund (Skr24m) will be split between WASA Lansförsikring and Skandia, with both investing in Swedish fixed-interest (25% each) and money market funds (5%).
Peter Ahlberg, investment co-ordinator at the fund, said: “Wassum Consultants will carry out the overall administration for the funds, and together we looked at the track records and personnel of the managers before their selection. At the heart of what we are seeking to do is an ethical investment policy with sufficient diversity but stable returns, and I think the final choice of managers reflects that.” Hugh Wheelan

Have your say

You must sign in to make a comment


Your first step in manager selection...

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

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here