The Skr130bn (€14.3bn) A-P Fonden 4, one of Sweden's four national pension funds, is tendering Asia Pacific (ex Japan) and Japanese equity mandates totalling between $500m and $600m (€570m and €684m).

The fund is looking to appoint several firms to manage the assets and is expected to award the mandates in November. Deadline for submissions of interest is May 11. The four funds have been outsourcing a large part of their assets to external providers, many of which have been international players.