Lonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, known as LD, hired Nordea Asset Management to manage a €160 million ($176 million) "positive pursuits" mandate, a spokesman said.
An RFP was issued earlier this year.
Nordea replaces Impax Asset Management as a manager of this mandate and Impax is terminated, Kristoffer Fabricius Birch, head of equities, said in an email.
"Nordea won because they had the best overall product for our requirements," Mr. Birch said.
