Mika Pesonen

KEE is a conservative, risk-averse manager with a very long-term outlook, focused on capital preservation and meeting present and future commitments. The firm' investment approach is income-oriented. The bulk of their assets are invested in fixed-income, complemented with equity. They also invest directly in real estate, and marginally in money-market instruments and loans. KEE's equity investments favor the Nordic countries (particularly Finland), as well as the European and North American markets. They also invest a part of their equity portfolio in the Pacific region. The management of the global segments of the portfolio is outsourced to external managers, while the Nordic portfolio is managed in-house following a bottom-up approach. They do not have sector or market-cap restrictions. Investment intelligence outsourced from sell-side partners supplements research generated in-house, that includes company visits.

VER is a long-term, risk-averse manager which makes investment decisions on the basis of their required return and the yield potential of prospective investments. They allocate risk through investment in various investment categories, markets, industries, instruments, companies, as well as in bonds issued by different governments and of different maturities. The interest rate instruments and share instruments are liquid. The real estate, private equity, infrastructure and absolute return funds are of a longer-term duration. The firm is a responsible shareholder which does not intervene or otherwise participate in the administration of the companies in which they invest, but does maintain dialogue with their management and VER representatives may attend companies' general meetings. They believe that the best way for VER to promote the success of companies in which they have holdings is to be a responsible shareholder.

eQ Varainhoito is an active investor and manages portfolios invested in equity and fixed-income across regions, sectors and strategies. The firm's fixed-income funds are invested in a wide range of securities from money-market instruments to high-yield bonds. As an equity investor they manage funds focused on specific regions across sectors as well as on sectors across regions. They primarily hold interests in Finnish, Nordic, European, Eastern European, and US equity markets. The firm's discretionary asset management services consist of equity, fixed-income and alternative investments which can be made directly or through mutual funds. They run a number of model portfolios for developed and global emerging markets.