Decision on External Management of Global Listed Property Securities

In the procurement for management of Global Listed Property Securities (reg.no 2008:51.EXT) Första AP-fonden has decided to approve the following managers


Manager
AMP Capital Redding
CB Richard Ellis
ING Clarion
State Street Global Advisors

This decision means that the managers have been approved for management of Global Listed Property Securities 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.