AP1, Stockholm, will use technology provided by eVestment to help in its quantitative analysis of money managers, a spokesman said.
The 365.8 billion Swedish kronor ($38.6 billion) fund will use the eVestment technology in the monitoring process of new and existing managers as well as managers on the fund's watchlist, the spokesman said.
"AP1's mission is to always pick the best managers, our process is focused on evaluating the qualitative aspects of the philosophy and process. In doing so we use the normal due diligence questionnaires and face-to-face meetings but also different tools to fully understand the behavior of the strategy," the spokesman said in an email.
"We have today a handful of quantitative tools ... both off the shelf products as well as proprietary solutions," he added.
AP1 did not issue a RFP.
