mast image

Special Report

Impact investing


AP1 tenders $200-300m US small-cap mandate

SWEDEN - The 12.8 billion-euro Swedish national pension scheme AP1 has put out to tender a 200-300 million dollar US small-cap mandate.

One or more investment managers will be appointed for the active management of segregated US small cap equity accounts. The mandate is likely to be benchmarked against the Russell 2000 index excluding REITs, and between 200 and 200 million dollars will be invested.

The money to be invested in small cap US equities, will be switched out of US large cap equities, says deputy head of equities at the fund, Patrik Nyman.

“We are trying to diversify the fund, and spread risk. This is the main reason why we have been moving into other asset classes. We also feel US small caps will add value to the entire portfolio,” says Nyman.

Time limit for receipt of tenders is August 8.

Forsta AP-fonden, the First Swedish National Pension Fund posted a negative return of 13.8% in 2002, taking its capital value to 117.1 billion crowns, or 12.8 billion euros. In February it announced changes to its asset allocation following an ALM study.

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-2540

    Asset class: All/Large Cap Equities.
    Asset region: UK.
    Size: The fund will be added to our guided fund range.
    Closing date: 2019-05-27.

  • QN-2541

    Asset class: Small/Mid-Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

Begin Your Search Here