Huge Swedish Pension Seeks Managers For US$1.5B Hedge Fund Mandate

Jul 7 2010 | 10:24am ET

A major Swedish public pension fund is looking for firms to manage up to US$1.5 billion in hedge fund portfolios.

Första AP-Fonden said in an official tender notice that it hoped to hire between one and three “strategic partners” to put in place its increased alternative investments allocation. The pension plans to put between US$1.1 billion and US$1.5 billion into the new hedge fund portfolios.

While AP1 said it would consider applicants “covering the full investible universe or a subset of the market” and that it had no “firm preference” in terms of legal structure, it did specify that interested parties should have a history of “proven and consistent” returns, Investments and Pensions Europe reports.

AP1 set an Aug. 29 deadline for applications.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...