Nomura Asset Management has been appointed to manage a $330 million global high yield credit investment mandate by Första AP-Fonden AP1, one of five buffer funds in the Swedish national income pension scheme.
The mandate has been funded through Nomura’s Ireland-domiciled Global High Yield Bond Fund.
This fund is sub-advised by Nomura Corporate Research and Asset Management, an affiliated firm based in New York that specialises in sub-investment grade credit markets.
Tokyo-based Nomura Asset Management had $493 billion (€417 billion) of assets under management as of March 31, 2018.
The Första AP-fonden AP1 is one of five AP-funds that exist to ensure stability in the Swedish national income pension system.
As of December 31, 2017, it had assets under management of 333 billion Swedish kroner (€32 billion).
©2018 funds europe
