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Seventh AP Fund and SG Asset Management Have Taken a Stake in Ethix SRI Advisors
Seventh AP Fund and SG Asset Management Have Taken a Stake in Ethix SRI Advisors
Published 10-29-04
Submitted by Ethix SRI Advisors AB
"We are delighted to have AP7 and SG Asset Management on board, playing an active role in strengthening the global SRI market. AP7 has been fundamental in the Nordic SRI development and together with SG Asset Management, we have owners dedicated to the increasing demand of socially responsible investment", says Tord Carnlof, Ethix' President and co-founder.
"Ethical and environmental considerations are an integral part of our responsible investments. Our stake in Ethix is a sign of our commitment to SRI and its development. Furthermore, our cooperation with Ethix provides a continuous development of our SRI policy", says Peter Norman, President of Seventh AP Fund.
"We are committed to providing a broad range of excellent services to clients in the Nordic region and globally. Our investment in Ethix helps us to develop further our range of services and add additional value for our clients", says Jerôme de Dax, Managing Director of SG Asset Management.
"The cooperation with AP7 and SG Asset Management gives us very interesting opportunities to further develop our services for both the Nordic and global markets" says Ulrika Hasselgren, Ethix' vice President and co-founder.
Ethix SRI Advisors helps institutional investors and asset managers achieve their SRI goals and make investment decisions in line with their values and policies. Ethix is together with its partner Innovest Strategic Value Advisors a team of 50, represented in Stockholm, Oslo, Bergen, Copenhagen, Helsinki, London, Paris, Madrid, New York, Toronto and Tokyo. www.ethix.se
Seventh AP Fund, Sweden's National Pension Fund operates within the premium determined pension system, currently with 5 billion Euros in assets under management. www.ap7.se
SG Asset Management is the asset management subsidiary of Societe Generale, the French banking Group. With about € 263 Bn as at 30 June 2004 managed through its four management centres in the United States, Continental Europe, the United Kingdom and Asia, SG Asset Management ranks among the largest players in the world. The presence of its 1,900 specialists across the world, including over 500 fund managers and analysts guarantees advanced expertise and customer focus. Since 2000, the company has been rated AM2+ by FitchRatings, proving the professionalism of its teams and the quality of its international organization. www.sgam.com
For further information, please contact:
Tord Carnlof, Ethix SRI Advisors, tel. +46 8 407 00 07, tord.carnlof@ethix.se
Ulrika Hasselgren, Ethix SRI Advisors, tel. +46 8 407 00 11, ulrika.hasselgren@ethix.se
Peter Norman, Seventh AP Fund, tel. +46 8 412 26 60, peter.norman@ap7.se
Jerôme de Dax, SG Asset Management, tel. +33 1 56 37 82 07, jerome.de-dax@sgam.com
