Sweden's A-P Fonden 7 has hired France's CDC Asset Management for a Skr1bn (€109m) active European equity mandate and Schroder Investment Management to run its Skr400m portfolio for Asia-Pacific excluding Japan.

Richard Gröttheim, deputy managing director of the Skr15bn pension fund, said that both firms demonstrated a strong investment process with large resources devoted to analysis, and the fund felt confident with the teams. Schroder will manage the mandate out of its Singapore office.

Sweden's €1.6bn pension fund calls on CDC and Schroder

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