AXA Rosenberg announced Monday that it has been selected by Nykredit Portfolio Administration to run two of Nykredit’s mandates, one in US Equities, worth $60 million, and one in Pan European Equities, worth $50 million.
Part of Nykredit’s multi-manager portfolios, the two mandates were established in January 2006 and will be marketed to institutional, high net worth and retail clients as part of Nykredit’s emphasis on a multi-manager investment concept, the company says.