Nordic investors turn to traditional balanced managers and illiquid alternatives
Nordic university and local authority funds continued their hunt for traditional balanced managers during the second quarter of the year, while other investors in the region sought diversification in illiquid alternatives.
This year, Finnish universities and Danish local authority funds have been active in looking for managers to manage their entire investment portfolios.
In May, Åbo Akademi, with an approximately €121mn (£101mn) investment portfolio, sought an asset manager to manage a €100mn balanced mandate on a discretionary basis.
Meanwhile, Denmark's Lemvig Kommune was looking for two asset managers to oversee a total of DKr198mn (£22.2mn) in June.
While traditional balanced mandates dominated Nordic manager search activity, alternatives attracted the highest number of investments** and net inflows*** during the quarter.
