SWEDISH REGIONAL BODY AWARDS
The approximate SEK1bn pension fund for the Swedish regional authority (Landstinget) of Jönköpings has reselected Swedebank and Handelsbanken to global balanced mandates of SEK400m (E49M) apiece and appointed Carlson Investment Management to a further global balanced brief of SEK200m.
Kerstin Blidberg, pensions manager at Jönköpings, says that the fund carried out an in-house selection process looking at 14 managers: "We have entered a new period of growth for the fund and wanted to increase the number of managers."
Swedebank had previously managed SEK300m for the fund and Handelsbanken SEK500m. "We have a good relationship with our managers and we picked Carlson because they are good administrators with good results, controls and a reasonable price – although this was not the main criteria."