Decision on Pacific ex. Japan equities managers

In the procurement for management of Pacific Ex. Japan equities ( 2007:51.EXT) Första AP-fonden has decided to approve the following managers

Capital International
Lloyd George Management
Barclays Global Investors
F & C Investments
Treasury Asia Asset Management
Fidelity International
Goldman Sachs Asset Management
JP Morgan Asset Management
JF Asset Management
Irish Life Investment Managers
Absolut Asia Asset Management
Schroders Investment  Management

This decision means that the managers have been approved for management of Emerging Markets equities for Första AP-Fonden. Funding will be decided separately.

This decision is motivated by the following:

The selected managers will give the fund good flexibility and portfolio diversification together with a high expected risk-adjusted excess return net of costs. The managers complement each other well in terms of investment styles and risk profiles and will thereby contribute to the diversification of the portfolio.