“Nothing has really changed,” Antti Paitula initially declares during the meeting at OP’s modern and stylish headquarter in Helsinki. He refers to the fact that the company has been selecting and using external managers for a long time and external funds are found in its life portfolio and in institutional mandates. It is offered to wealth management and private banking clients and also used for the internal allocation products, such as balanced funds.
What has changed, however, is the organisational structure. What used to be a separate unit dedicated to fund selection is today part of the asset allocation team and the manager selection work is integrated with portfolio management responsibilities. Antti Paitula is responsible for the long-only fund research and selection at OP Asset Management but he is also a member of the investment committee forming the house view on markets and deciding the asset allocation. “In addition to spending a lot of time screening long-only external funds, I’m also managing some discretionary multi-asset portfolios for wealth management clients and institutional clients,”The full article is only available to members
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