AP4, Stockholm, is searching for as many as three passive global equity managers, said Bjorn Kvarnskog, head of global equities at the 213 billion Swedish kronor ($31.7 billion) fund.
Mr. Kvarnskog would not disclose the size or other details of the mandate because it would violate procurement rules. The fund has allocated 86 billion Swedish kronor to global equity, which is now run passively in-house as part of the fund’s portable alpha program.
Some global equity assets will continue to be managed internally; the search is being performed to meet outsourcing requirements, Mr. Kvarnskog said.
Proposals are due Aug. 17, with a selection expected in 2012. Questions should be sent in writing by Aug. 5 to [email protected]. No consultant is assisting.