The Swedish Kommun of Linköpings is the latest to outsource its pension funding to investment managers, selecting Carlson Investment Management and Alfred Berg to run Skr200m in assets.
The portfolios have been split on a 60%/40% basis in bonds and equities, with all paper kept in Sweden and 20% of the shares invested overseas. Jörgen Öckinger, chief financial officer at the Kommun, says: Our decision certainly wasn't taken on the issue of fees, because we were seeking managers with which we felt comfortable investing. The fund management philosophies of Carlson and Alfred Berg both satisfied these requirements.""