SEARCHES AND HIRES

AP7 wants active equity managers that have a ‘green impact philosophy’

AP7, Stockholm, is searching for up to four equity managers to manage a 3 billion Swedish kronor ($344 million) allocation, according to European procurement website Tenders Electronic Daily.

The seventh Swedish pension fund is looking for active managers, which will incorporate a “green impact philosophy” into its 348.2 billion kronor equity strategy.

The 375.9 billion kronor pension fund will award two to four mandates. Each will have a three-year contract, with an option to extend them twice for additional two-year periods.

Consultant PPCmetrics is assisting with the search. The RFP is available on TED’s website. Proposals should be sent to PPCmetrics by noon Central European Time on June 28.

Spokesmen for AP7 and PPCmetrics were not available to provide more details about the search by press time. AP7 expects to to name up to eight finalists by July 12.