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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...