Volvo Pension Fund, Goteborg, Sweden, the 7 billion kroner ($683 million) pension plan for Swedish employees of the Volvo Group, plans to search around the end of the year for hedge fund managers to run a total of about 300 million kroner, said Eddie Dahlberg, managing director.
Speaking today at the Nordic Fund Management Forum 2001 in Stockholm, Mr. Dahlberg said he and the plan’s staff were investigating the most effective way to invest in hedge funds and expected to make a decision by September, and then conduct a manager search.
The plan already invested 340 million kroner in a market-neutral fund managed by Brummer & Partners Kapitalforvalting AB. Mr. Dahlberg could not say what style or structure the fund would favor, but said the strategy would be very different from the fund’s existing market-neutral investment.
