AP7, Stockholm, is looking to allocate 4% of total assets each to private equity and hedge funds, said Richard Grottheim, executive vice president. The 20 billion kroner (US$1.9 billion) plan’s board of trustees approved the allocations, and the plan is searching for managers of managers in both asset classes.
Separately, the plan expects to announce a new alternative investment consultant by the end of the month, said Mr. Grottheim.