Institutional Investors

Sweden’s Forsta to boost portfolio with CTAs


Forsta AP-Fonden (AP1), the Swedish national pension fund with assets of $32 billion, is looking for commodity trading adviser as it aims to grow its alternatives portfolio substantially from the 9.3% allocation it currently holds.

So far the fund’s only hedge fund holding is an investment in activist fund Cevian Capital II, but following last year’s appointment of six advisers, including AQR, Blackrock, Blackstone, Fauchier, Protégé and Bornhoft, AP1 will now look to build a portfolio dominated by systematic trend-following managers whose returns it wants to be uncorrelated to the rest of the portfolio.

The aim is to