Barr moves to PPM
SWEDEN - Daniel Barr, chief analyst of the seventh Swedish national pension fund Sjunde AP-fonden, AP7, has joined the premium pension authority, PPM, as chief economist.
Barr is due to take up his job, a newly created position, in January and will closely work with PPM’s secretary general, Christina Lindeneus.
An AP7 spokesman told IPE the fund had not yet selected a successor but was ‘certainly’ going to in the immediate future.
At AP7 Barr monitors AP7’s investing strategy, liaising with consultants, the spokesman said.
According to ‘International Pension Funds and their Advisors 2004’, AP7’s asset allocation is as follows: 17% goes to domestic equities, 65% to international equities, ten percent to domestic fixed interest and eight percent to domestic alternative investments.
Earlier this year, AP7 hired ABN Amro’s Fvante Linder as head of fund management. Linder took over from Peter Dahlgren, who left AP7 to join insurer Skandia Liv.