AP1 looks for new EM small-cap managers

The buffer fund currently uses Somerset Capital and William Blair in the asset class, both of which are welcome to bid in the new tender process.

Photo: AP1/PR

It is common policy to review and re-tender investment mandates every few years in the financial industry. With that in mind, AP1 has published on its website that time has come to launch a new tender process for a USD 730m emerging market small-cap mandate.

The fund currently uses Somerset Capital and William Blair to manage investment in emerging market small-caps, a spokesperson for the fund tells AMWatch.

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