About Första AP-fonden
Första AP-fonden is one of five buffer funds in the Swedish national income pension system. The capital reserves in the AP funds are used to cover the deficit when disbursements from the pension system exceed contributions to the system.
Första AP-fonden has assets under management of SEK 221 billion (at 30 June 2012) in a global portfolio consisting of equities, fixed income securities and alternative investments that include real estate, private equity funds and hedge funds.
Första AP-fonden is a long-term investor and an active owner. In its role as owner, the Fund places high demands in the areas of environmental, social and corporate governance.
The Fund’s mission is to manage the fund capital in such a way as to generate the greatest possible benefit for the pension system. This means that the Fund strives to deliver high long-term returns while maintaining a low level of risk for current and future pensioners.
Since its inception in 2001 Första AP-fonden has produced an annualized return of 5.7 percent after expenses, and has thereby contributed SEK 77 billion to the pension system.