Swedish buffer funds appoint global voting partner

23 December 2009

Sarah Wilson

EU regulation

Four of the Swedish buffer funds (AP1, AP2, AP3 and AP4) this week announced the appointment of a provider of global voting services:

"The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service.

After extensive evaluation of different suppliers and their systems, we have decided to award Manifest Information Services Limited the contract.

The tender is now closed.

The reasons why the Funds selected Manifest:
• High quality of the analyses.
• Voting recommendations tailored to the voting policy of each specific customer.
• A system that allows for management of the entire voting process from notification to post event vote reporting through a single platform.
• The most economically beneficial system with the lowest total cost."

Sarah Wilson, Chief Executive of Manifest, said "The award of this contract demonstrates once more the attraction of Manifest's flexibility and award-winning systems.

Our commitment to deliver best execution in global governance support services means AP1, AP2, AP3 and AP4 will all benefit from comprehensive, high quality, tailored and transparent research and voting solutions for responsible investors (including sovereign wealth funds, collaborative engagement partnerships, fund managers, pension funds and asset managers) who desire to be at the forefront."

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