Swedish public pension fund Första AP-fonden (AP1) will adopt asset manager monitoring capabilities from eVestment, an institutional investment data and analytics firm.
As pensions around the world search for investment returns at acceptable levels of risk, data providers like eVestment have an important role in collecting and organising data used in the manager assessment and monitoring processes. With more than 4000 asset managers from around the world reporting data to eVestment on more than 25,000 institutional strategies, eVestment offers a look at trends across the institutional landscape, at the universe, firm and product levels.
“As a leading source of institutional manager data, both in local markets and globally, eVestment provides a holistic view of the managers and strategies available,” says eVestment managing director for EMEA, J P Quittot. “This power to find the best managers in the world and effectively hold those managers accountable through regular monitoring is important as pensions, the pensioners they serve, regulatory bodies and other stakeholders look for more transparency in the management of pension money.”
AP1 has assets of SEK365.8 billion (approximately USD37 billion) distributed across a global portfolio consisting of equities, fixed-income securities, real estate, infrastructure, private equity funds, and hedge funds.
AP1 will incorporate eVestment data into its existing process for monitoring its current roster of managers and for continual monitoring of managers on their shortlist. This will give AP1 insights into how those managers are performing if AP1 seeks to rebalance or reallocate in the future.