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Pooled mandates

Seven Swedish 'Kommuner'- the country's provincial local authorities have pooled together assets of around Skr800m ($104m) to award three new investment mandates.

The kommuners of Burlöv, Käv-linge, Lomma, Markaryd, Svedala, Vellinge and Örkelljunga, have se-lected SE Banken and Alfred Berg to manage Swedish equity portfolios, with Alfred Berg again chosen along with Skandia for Swedish bond briefs.

Morgan Stanley won a global equities brief from the authorities, fending off competition from a strong shortlist of the five biggest market players.

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