SWEDEN – Skandia Liv has handed a €500m passive international equities mandate to Northern Trust Global Investments.

NTGI, Chicago-based Northern Trust's asset management arm, said the brief would be invested in a selection of its Dublin-domiciled pooled passive funds.

"Our range of pooled passive funds is predominantly used by European institutional investors seeking indexed exposure to the markets,” said Gordon Hogarth, NTGI’s head of European sales and marketing.

“The NTGI approach to passive investment management is based on our proprietary 'Intelligent Indexing' technique, which aims to track the index whilst employing rigorous quantitative models in combination with sophisticated trading techniques to minimise trading costs and risk."

NTGI has around $590bn in assets under management.

Earlier this week Swiss Capital, a Zurich-based alternatives firm which manages pension fund assets, awarded a $1.2bn (€1bn) hedge fund custody and administration mandate to Northern Trust.

Topics