AP1 aligns its ethical standards with hedge fund investments
Mon Oct 4, 2010
A pioneer in social and ethical investments, the Swedish pension fund's search for three hedge fund partners has attracted an unprecedented response from across the industry
By Pirkko Juntunen
Investor appetite for hedge funds in the Nordic region does
not seem to have diminished despite the underperformance and
scandals that have dogged the industry in the last few years.
That said, the scandals have resulted in some institutional
investors with high ethical standards steering clear of the
Första AP-Fonden, the First Swedish National Pension Fund
(AP1) and one of the national Swedish buffer funds, however, is
well known for its high ethical standards and requirements and
is still planning to take a step into the hedge fund world.
AP1, along with the other three Swedish buffer funds, has
always been a pioneer in the area of environmental, social and
ethical investments. Jointly the four funds created the Ethical
Council, which uses its guidelines to monitor the
AP1's ongoing tender is one of the most recent and most
public searches for up to...
ISSN: 2151-1845 / CDC10004H
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