Fellesordningen for AFP, Lysaker, Norway, selected eVestment to provide assistance with manager selection and monitoring.
Though Fellesordningen has worked with firms providing similar services, eVestment's mandate is new. The firm will help the supplementary multiemployer plan with manager analysis through use of a database, said Frode Veiby, senior portfolio manager.
"Finding and monitoring institutional asset managers locally and around the world is important to our success in serving our pensioners," Mr. Veiby said in a news release.
"We are very excited to utilize the eVestment platform and know that eVestment has the breadth and depth in coverage and proprietary data and tools to make sure that we are able to identify the appropriate strategies for the management of the AFP fund," he added.
AFP has about $4.2 billion in assets.
