AP2, Goteborg, Sweden, hired BNY Mellon Asset Management, Goldman Sachs Asset Management, PIMCO, Schroder Investment Management and Rogge Global Partners to run about 11.5 billion Swedish kronor ($1.6 billion) in a global credit strategy, according to Anders Stromblad, head of external management at the 204.3 billion kronor fund.
Rogge had run all the assets in that strategy, but fund officials wanted to diversify the portfolio's manager lineup, Mr. Stromblad said.
AP2 officials have not decided how much each firm will be managing.
An RFP was issued in the third quarter. Consultant bfinance assisted.