Swedish pension giant splits investment efforts and names new leaders

The new set-up is set to strengthen the investment team capabilities of the institutional investor overseeing €50bn.

Swedish pension giant AP7 has restructured its investment team to split it into three new units, the Stockholm-based group has announced.

A spokesperson for the institutional investor, which has $50bn (SEK 525bn) in assets under management, confirmed to Citywire Selector that its investment capabilities are now split as follows: risk management and asset allocation; alternative investments; and, fixed income and forex segments.

According to AP7’s chief investment officer, Ingrid Albinsson, the split was implemented to strengthen the capabilities of the investment team and the investment strategy of the overarching fund will remain the same.

As part of the move, Carl-Fredric Pollack, who was most recently senior portfolio manager, has taken charge of risk management and asset allocation. Meanwhile, Per Olofsson takes over on the alternative investments segment and Pontus von Essen has been assigned to cover fixed income management.

The fund currently has 90% allocated to equities and 10% to Swedish fixed income assets. AP7 admitted that it was affected by the current fall and re-rating of global equities, which constitute most of its allocation.

However, the CIO stated that the fund managed to mitigate this effect through forex positions and diversification of portfolio.

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