The Swedish Deposit Guarantee Board fund, which has investible assets of more than Skr10bn (€1.1bn), is to re-evaluate the way it invests these assets.

The fund is looking for a consultant to conduct an Asset/Liability/Modelling (ALM) study of the investment process and strategy, which is likely to lead to changes, said Per Swahn, head of the board. The board is set up by the Swedish government and guarantees cash deposits made by clients in banks and in securities firms.