Pension Fund Fjärde AP-Fonden (AP4) Selects ORTEC For Flexibility, Currency Hedging And Fixed-Income Attribution - Swedish Pension Fund Relies On ORTEC For Performance Evaluation

The Swedish pension fund Fjärde AP-Fonden (AP4) will measure and manage its investment performance using PEARL. The decision for ORTEC was made as a result of a European tender procedure in which several vendors were evaluated. PEARL's flexibility, handling of currency hedging and extensive functionality for fixed income attribution as well as its web reporting capabilities were important factors in the decision. PEARL will provide the Swedish pension fund with clear insight into the results of its investment policy and strategy.

AP4 was looking for a supplier offering in-depth support and knowledge of performance measurement and overlay programs. ORTEC meets these requirements and PEARL offers a high degree of flexibility, is very user-friendly at the same time, and can be implemented in a short amount of time.

AP4 is the second Swedish pension fund to choose ORTEC's solution for performance and risk management. Mark Lamers, Sales Manager at ORTEC, sees a growing worldwide need for automated solutions for fixed income attribution: "The selection of PEARL by ABP Investments in December 2005 is another confirmation of this. We also see an increasing interest for PEARL from asset managers."

About AP4
AP4, the Fourth Swedish National Pension Fund, manages about 20 billion euro's of pension assets on behalf of Swedish citizens. The fund is one of five buffer funds in the Swedish public pension system. AP4 aims to invest its capital to provide the best long-term return for the state pension scheme as a whole. For a further description of the pension system visit: http://www.forsakringskassan.se/filer/publikationer/pdf/par04-e.pdf

About ORTEC
ORTEC is one of the largest independent providers of advanced planning systems and professional consulting services. Founded in 1981, ORTEC currently has over 800 customers, 500 employees and 9 offices in North America and Europe. Renowned pension funds and asset managers such as ABP, AP3, HSBC Asset Management Europe, and Delta Lloyd Asset Management already use PEARL.