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.
The decision followed a few meetings with SPA representatives but can be traced back to the new rules implemented for the fund platform back in 2017. Due to the financial crime-related scandals of recent years, a new 29-point regulation was integrated.
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