AP7, Stockholm, hired BlackRock, State Street Global Advisors and Northern Trust Asset Management to run 230 billion Swedish kronor ($27.1 billion) in passive global equities, said a spokeswoman.
The allocation will be managed in separate accounts, said a notice filed with European procurement website Tenders Electronic Daily. The pension fund, which has 268.8 billion Swedish kronor in assets, was assisted by consultant bfinance.
How the allocation will be split among the three managers could not be learned by press time.
The spokeswoman did not provide additional information by press time. Executives for bfinance could not be reached for comment by press time.
The pension fund launched a search in February 2015 for managers to potentially replace State Street Global Advisors, Northern Trust and Svenska Handelsbanken.
Contracts will run for three years, with an option to extend by two years each.
