AP3 investment chief and deputy CEO Lindeborg dies after short illness

Swedish giant expresses “deep regret and profound sorrow”

Mårten Lindeborg, Chief Investment Officer and Deputy CEO at Sweden’s Tredje AP-fonden (AP3), the SEK345bn (€33bn) Third Swedish National Fund, has died after a short illness, the fund said in a statement.

Expressing its “deep regret and profound sorrow” AP3 said Lindeborg was “an important, dear colleague and an appreciated leader at AP3”.

“We send our heartfelt sympathies and condolences to his family.”

He was appointed to the role in 2015, taking over from Kerim Kaskal, having joined Stockholm-based AP3 in 2009 as Head of Strategic Allocation. He worked previously for DNB Nor Asset Management and Skandia AM as a portfolio manager and head of tactical asset allocation.

At the time of his appointment, CEO Kerstin Hessius said he had made a major contribution to developing AP3’s asset management strategy, building “a strong team with a stringent risk management framework”.She also noted that he had also consolidated the fund’s strategy in sustainability issues in the context of the total portfolio.

Lindeborg was born in 1971 and his LinkedIn profile reveals that his main emphasis and interests were macroeconomics, tactical/strategic investment positioning and portfolio construction. Away from work he was a coach at a children’s soccer club.

“We send our heartfelt sympathies and condolences to his family.”

In an interview with Bloomberg in June this year, Lindeborg said AP3 would rely less on hedge funds because returns from the asset class did not justify the extra expense.

Elsewhere, the chairman and founder of alternative investment analysis is group Analytical Research has died from cardiac failure. Jean-Stéphane Lods passed away on August 3.