Nomura Asset Management has secured a Skr1bn (€110m) Japanese equity mandate from Sweden's Skr15bn A-P Fonden 7.

Richard Gröttheim, deputy managing director of the fund, said Nomura has 7% of total assets but the mandate size will increase to about Skr1.5bn as the fund receives more assets from Premiepensionsmyndigheten, the administrator of the Swedish premium pension system.