Swedish church awards SEK65m global mandate
SWEDEN – The SEK130m (e14.6m) diocese of Skara, part of the Lutheran church of Sweden, has awarded Skandia owned Carlson Investment Management a SEK65m (e7.3m) global balanced brief.
The new Carlson portfolio was previously divided into two parts, managed by the Swedish bank Robur and Kammarkollegiet’s fund office - the government controlled capital manager for state and church institutions.
The diocese of Skara, advised by Stockholm-based Wassum Investment Consultants, chose Carlson from an undisclosed list of managers.
Carlson has handled the assets of the Church of Sweden and a number of its different entities for several years now.
Lately the group has won a slew of local government and other institutional mandates in Sweden – confirming its position as the largest manager of domestic pension fund assets.