AP2, Goteborg, Sweden, is searching for active international equity managers to run more than 20 specialist mandates totaling $4.5 billion, to be invested on a regional and sector basis. Officials at the $13.5 billion plan are moving away from the plan’s passive strategy. The searches are expected to be completed by year end, according to AP2 officials.
Each money manager will be asked to specialize in a particular market sector and invest the money along regional lines. The exception will be Japan and the Pacific Rim, which will be managed on a regional basis only.
Evert Carlsson, AP2 investment officer, would not comment on the tender.
