First a news item from Friday last week that we missed… that Nordea Asset Management has secured a mandate from the Government Pension Investment Fund of Japan (GPIF). They have selected its BetaPlus Enhanced Global ex-Japan Equity Strategy for a portion of its global equity allocation. “We are honoured to support GPIF through our enhanced global equity capabilities. This collaboration underscores our shared commitment to disciplined investing and responsible stewardship,” says Nils Bolmstrand, CEO of Nordea Asset Management, in a statement.
Earlier this week, PwC released its 2025 Global Asset & Wealth Management Report, stating that private market revenues will account for more than half of the global asset management industry’s total revenues by 2030. According to the report, global assets under management is projected to grow from USD 139 trillion in 2024 to USD 200 trillion by 2030. The report also states that asset managers will continue to face profitability pressures and narrowing margins “amid relentless competition, fee pressure, a premium on talent and cost-heavy investments for increasingly sophisticated and diverse client segments”.
Swedish buffer fund AP3 has recruited four new people in November. Jonas Ranneby joins the fund as senior portfolio manager focused on interest rates and currency. He has previously worked at Alfred Berg, SEB, Wells Fargo and most recently AP4. Patrik Andersson joins as a senior employee in the back office. He has a background from Clara Consulting, AMF and Swedbank Robur. Terese Larsson has joined as a system and database developer, and Fredrik Starenius has joined as an equity manager. He most recently worked at AP1.
On Thursday this week, we learned that Johan Almenberg has appointed new Director General of Finansinspektionen (the Swedish Financial Supervisory Authority). Johan Almenberg is an associate professor in economics and has been a state secretary at the Ministry of Finance since 2022. He has previously also held positions at Sveriges Riksbank and the National Institute of Economic Research. He will take over as the director general on the first of December.
We conclude this news review by highlighting the latest issue of IPE, an industry publication, in which they have a special report on the Nordic pensions industry.
First a news item from Friday last week that we missed… that Nordea Asset Management has secured a mandate from the Government Pension Investment Fund of Japan (GPIF). They have selected its BetaPlus Enhanced Global ex-Japan Equity Strategy for a portion of its global equity allocation. “We are honoured to support GPIF through our enhanced global equity capabilities. This collaboration underscores our shared commitment to disciplined investing and responsible stewardship,” says Nils Bolmstrand, CEO of Nordea Asset Management, in a statement. Earlier this week, PwC released its 2025 Global Asset & Wealth Management Report, stating that private market revenues willIf you’re new to Tell Media Group, create an account.
Read more about our memberships
