AP7 Onboards Three Managers For USD70 Bln Passive Equity Allocation

The Seventh Swedish National Pension Fund has selected BlackRock, Northern Trust Asset Management and UBS Asset Management to run mandates in both developed and emerging markets for its global equity portfolio. Kristina Styf, senior portfolio manager at the pension fund, said AP7 is currently in the process of onboarding the managers. She expects them to be fully integrated in the spring.