Kerim Kaskal, chief investment officer at Stockholm-based AP3, will leave the Swedish pension fund to launch his own money management firm.
In a statement on its website Friday, the 288.3 billion Swedish kronor ($32.9 billion) pension fund said Mr. Kaskal, who has been CIO for almost two years, will leave Oct. 30.
Mr. Kaskal joined in October 2013 with overall responsibility for risk allocation. He previously was deputy CIO of the Nektar fund, and deputy chairman of Swedish hedge fund Nektar Asset Management, part of Brummer & Partners.
A spokeswoman for AP3 said the pension fund had no further comment beyond the statement.