Mercer Investment Consulting has been appointed to provide investment manager selection services for Pacific equities to the First Swedish National Pension Fund (Frsta AP-Fonden).
Frsta AP-Fonden is one of the four buffer funds in the new Swedish Pay-As-You-Go State pension system. At the end of 2002, it had assets worth over SEK 117 billion.
“We are delighted and honoured to have secured this prestigious appointment in the Swedish market,” says Hanne Hother, Senior Consultant at Mercer. “We believe this win is a powerful endorsement of the strength and depth of Mercer’s global manager research and a demonstration of our commitment to the Nordic markets. “The team managing the project will be based in London.