AP3 preps for hedge funds

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SWEDEN - AP3, Sweden's third national pension fund, is to likely to tender for a hedge fund of funds manager, and phase out more passive mandates in favour of active ones by year-end.

The EUR14.4bn fund is currently drafting a strategy for its first foray into hedge funds which is expected to be finalised during Q3. AP3’s Bengt Hellstrom told IPN that the fund is aiming for a 2....

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