SWEDEN – The Stockholm based and family-owned shipping company Soya has appointed Singer & Friedlander Investment Management (SFIM) for a e15m in pan-European large cap portfolio. It is the manager’s first Swedish corporate client and the company’s first non-Swedish fund manager.

"The Swedish market is very difficult to break into but we have been targeting it pro-actively for some time. For us, the mandate is an important step into building our business in the Nordic region," says Peter Dencik, head of SFIM’s institutional division.

The benchmark for the brief will be FTSE World Europe ex Sweden Total Return index. The manager’s objective is to out-perform it at an average of 2% per year over rolling five-year periods, with an annualised tracking risk of 5-7%.

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