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AP3 taps Trema for management system

SWEDEN – Tredje AP-fonden, the 151.9 billion-crown (16.5 billion-euro) third Swedish buffer fund, has chosen an investment management system provided by Trema Group, the supplier said.

“AP3 will have one single system enabling position and risk management, full compliance and visibility of all assets managed internally and externally,” Trema said in a statement.

The scheme opted for Trema’s Finance KIT system after “an extensive public procurement process”. Financial terms of the deal were not disclosed. Existing clients for the system include Finland’s Local Government Pensions Institution and the Dutch health care fund PGGM, according to Trema’s website.

Trema said the product comprises “one single system enabling position and risk management, full compliance and visibility of all assets managed internally and externally”. It added it would cut costs and risk.

"We are delighted to have been selected by AP3, renowned for its best in class asset liability modelling, investment strategy and a strong focus on external asset management,” said Thomas Bergqvist, Trema’s general manager for northern Europe.

Last week the fund, whose new chief executive Kerstin Hessius joins tomorrow, said it made a 5.7% return on its investments in the first half. The fund added that it took “several new steps towards more active fund management and an even broader portfolio in order to increase returns and improve risk diversification” during the period.

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