AXA Rosenberg Investment Management Limited (UK), an AXA Investment Managers company specialising in quantitative active global equity asset management, has been appointed by Frsta AP-fonden to manage Japan Broad Market equities mandate worth $200 million.
Frsta AP-fonden is one of Sweden’s largest pension managers, with net assets of SEK 207 billion.
“Diversification of risk and active management are cornerstones of the fund’s operations. We chose AXA Rosenberg because we were impressed with their approach to risk control and unique investment approach,” says Rikard Kjrling, head of external management, Frsta AP-fonden.
“We are extremely pleased to have been hired by AP1 for this mandate following an extensive tender process. We have a strong commitment to Sweden and The Nordic Markets and this endorsement is another significant step in the business we are building in this region,” adds Simon Vanstone, CEO Europe, AXA Rosenberg.
AXA Rosenberg Group LLC currently manages $14 billion of Japanese equities. In addition to the more traditional products such as broad market and small cap equities the firm also offers unique propositions such as Japan 130/30 and Japan Enhanced Index Equities.