6 Jul 07
Award of tender for management of Japanese equities
In the procurement for management of Japanese equities (reg.no 2007:24.EXT) Första AP-fonden has decided to approve the following managers:
AllianceBernstein
AXA Rosenberg
Baillie Gifford & Co.
Bank Julius Baer & Co.
Barclays Global Investors
BlackRock
Capital International
Daiwa SB Investments
DIAM International
Goldman Sachs Asset Management International
IPM, Informed Portfolio Management
Irish Life Investment Managers
JPMorgan Asset Management
Lindsell Train
Lingohr & Partner
Marathon
Martin Currie
Mitsubishi UFJ Trust and Banking Corp.
Morgan Stanley Investment Management
Nomura Asset Management
Northern Trust Global Investments
Pictet
Principal Global Investors
Sinopia Asset Management
Société Générale Asset Management.
State Street Global Advisors
Sumitomo Mitsui Asset Management Company
T. Rowe Price International
UBS Global Asset Management/DSI
This decision means that the managers have been approved for management of Japanese equities for Första AP-Fonden. Funding will be decided separately.
This decision is motivated by the following:
The selected managers will give the fund good flexibility and portfolio diversification together with a high expected risk-adjusted return net of costs. The managers complement each other well in terms of investment styles and risk profiles and will thereby contribute to the diversification of risk in the portfolio.