Northern Trust Global Investments (NTGI), Northern Trust’s asset management arm, has been appointed by Skandia Liv, the Swedish insurer, to manage a euro 500 million (US $616 million) passive international equity mandate, to be invested in a selection of NTGI’s Dublin-domiciled pooled passive funds.
Gordon Hogarth, head of European Sales and Marketing at NTGI said, “Our range of pooled passive funds is predominantly used by European institutional investors seeking indexed exposure to the markets. The NTGI approach to passive investment management is based on our proprietary ‘Intelligent Indexing’ technique, which aims to track the index whilst employing rigorous quantitative models in combination with sophisticated trading techniques to minimise trading costs and risk.”