SWEDEN - The 152 billion-crown (17 billion-euro) Third Swedish National Pension Fund, Tredje AP-fonden or AP3, has appointed a hedge fund manager from Nordea as its new head of equities.

“Anders Olsson has been appointed new head of equities at AP3,” the scheme said. He takes over from Magnus Eriksson who quit in September to join MGA Holdings.

“Anders has more than 15 years experience from the Equity market and is joining AP3 from Nordea Financial Institutions Division,” AP3 added. At Nordea he managed the European Equity Hedge Fund and International Fund.

Olsson’s appointment follows the recruitment last month of hedge fund manager Kerim Kaskal in the new role as head of asset management for internal management. He joined on December 1 from Brummer & Partners, where he co-founded the Nektar hedge fund.

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