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Impact Investing

IPE special report May 2018

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AP1 to tender up to E429m in Pacific equities

SWEDEN – Sweden’s 12.8 billion euro first national pension fund, Forsta AP-fonden or AP1, will be tendering a Pacific equities mandate of up to 500 million dollars (429 million euros) in the near future, as it moves to a more active strategy.

Mercer Investment Consulting has just been appointed to provide investment manager selection services for pacific equities to the fund.

Patrick Nyman, deputy head of equities at the fund, explained that the tender has arisen as a result of an attempt to change the fund’s activity level. Presently the pacific equity mandate is being run by Barclays Global Investors on a passive basis.

The size of the mandate will depend on the managers employed and their risk profile, but will be up to 500 million dollars. More than one manager is preferred.

AP1 hopes to have finalised the appointments by the end of August.

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