Pinebridge quits Fondtorget and slams pension agency for penalty

Pinebridge Investments criticizes the Swedish Pensions Agency and deems it unprofitable to continue making its funds available on the platform Fondtorget. The US manager calls rules on providing information about changes "without any delay" more demanding than those of banks and other counterparties, recent documents show.

by MIRZA GAZIC

Pinebridge Investments no longer wants to make its funds available on the Swedish Pensions Agency’s (SPA) fund platform Fondtorget. In February, the US-based asset manager notified the agency in writing that it wanted to terminate its agreement and deregister the three available funds.

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Pinebridge quits Fondtorget and slams pension agency for penalty

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

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Expansion of Nordic team has paid off: Inflows to all core products for US manager