Hedge Fund Reader : AP7 to Monitor Its Hedge Funds Companies

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March 14, 2006

AP7 to Monitor Its Hedge Funds Companies

The Seventh Swedish Pension Fund (AP7), the first of Sweden's public pension funds that invested in hedge funds, has reportedly placed its two hedge fund companies on observation due to performance and administrative issues. Blackenterprise reports:

AP7's executive vice president and chief investment officer, Richard Grottheim, explained that AP7 has clearly defined performance criteria, and that the hedge funds had not fully met their 2005 performance targets. He also cited administrative reasons for the funds' "on watch" status, saying that AP7 had not been satisfied by "certain delays in information flow."

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March 14, 2006 in Research | Permalink