Internal management involves AP7's in-house fund managers making investment decisions and executing equity transactions. External management is performed by outside parties, usually large specialist fund management firms. We base our choice of internal and external management on expected quality and returns in each specific case.
AP7's internal equity management comprises alpha management of Swedish equities.
State Street Global AdvisorsNorthern Trust Global AdvisorsSvenska Handelsbanken
Danske Capital (Swedish equities)Carnegie Investment Bank (Swedish equities)UBS Global Asset Management (European equities)Nomura Asset Management (equities in Japan and South-east Asia/Oceania)
IPMLee Overlay Partners
Harbourvest PartnersHamilton Lane AdvisorsLGT Capital PartnersMacquarie