About Första AP-fonden
Första AP-fonden is one of Sweden’s largest pension managers that invests in equities, fixed income securities, foreign exchange and alternative investments worldwide. At year-end 2010, Första AP-fonden had net assets under management of SEK 218.8 billion.
Första AP-Fonden (AP1) is one of five buffer funds in the Swedish pay-as-you-go pension system whose role is to even out temporary fluctuations during periods when pension contributions are not sufficient to cover pension disbursements.
Since 1960, Första AP-fonden's mission has been to manage assets on behalf of Sweden's current and future pensioners. In connection with the reform of the Swedish pension system in 2001, the Fund's mission was also redefined.
The Fund has a very important mission, to invest around one fourth of the Swedish income pension system's buffer capital. This means that the Fund manages pension assets on behalf of every person who is, or ever has been, employed in Sweden. Managing other people's money is a responsibility and a challenging job.
The Fund is based in Stockholm and has 45 employees.
Read more in our Annual report 2010