Länsförsäkringar Fondförvaltning AB, Affärsenhet Bank has awarded State Street Global Advisors (SSgA), the investment management division of State Street Corp. a €111 million equity mandate. The mandate has been committed to the SSgA Global Equity Spotlight Strategy run by the SSgA Fundamental Equity team in Dublin.
Lansforsakringar Fondforvaltning AB is the asset management and funds distribution unit of Länsförsäkringar Bank. Lansforsakringar Fondforvaltning AB had assets under management of €7.40 billion as on September 30, 2011, which comprised both retail as well as institutional assets. Länsförsäkringar Bank is one of Sweden’s biggest banks.
Click here for the release from Business Wire.