AP7 re-tenders equity mandates worth e5.56bn

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SWEDEN - The SEK66bn (e7.15bn) Sjunde AP-fonden (AP7) pension fund has re-tendered five mandates together worth SEK51.4bn (e5.56bn), and launched a manager search for an active currency overlay mandate worth between SEK10bn and SEK20bn.

The re-tenders were initiated on the back of a mandatory five-year review in line with Swedish tender laws. The largest is a passive SEK40bn mandate invested in US, European and Swedish equities...

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