News archive

AP1 and TOBAM partner to adopt fossil-free investment strategies Investing Sustainably without Giving Up Market Premium

AP1, the leading Swedish pension scheme, and TOBAM, the Paris-based research driven quantitative asset manager, today announce the adoption of a new fossil-free approach to emerging market equity and global high yield exposures.

Polhem Infra invests in digital infrastructure – acquires Telia Carrier

Today, the AP fund owned, Polhem Infra have entered into a binding agreement to acquire Telia Carrier, a world leading provider in back-bone connectivity for data traffic. With the acquisition, Polhem Infra will, through Telia Carrier, own and operate more than 74,000 km of fiber network with 320 connection points in the world.

Första AP-fonden (AP1) reports on the first half of 2020

The COVID-19 pandemic has changed the playing field for the global economy and affects us all, directly or indirectly. For Första AP-fonden (AP1) the pandemic entailed some intensive activities during the spring, with constant evaluation of the allocation strategy based on a rapidly evolving situation, while at the same time measures were taken to safeguard the health and safety of the Fund’s employees.

Council on Ethics influences safety in mining and focuses on deforestation, money laundering and climate efforts

The Council on Ethics of the Swedish National Pension (AP) Funds Annual Report 2019.

AP1 divests from fossil fuels

Första AP-fonden, has decided to no longer invest in fossil fuels. The decision is a result of the funds work to identify and analyse climate-related financial risks in the economy, and in the fund’s investment portfolio.

AP1 2019: Highest return in ten years

Första AP-fonden’s (AP1’s) net investment income for 2019 amounted to SEK 48.6 billion after expenses. This equates to a return of 15.1 per cent, the highest annual return in a decade. Total net assets amounted to SEK 365.8 billion at the year-end.

Kristin Magnusson Bernard new CEO of Första AP-fonden

The Board of Directors of Första AP-fonden (AP1) has appointed Kristin Magnusson Bernard as new CEO of AP1. Ms Magnusson Bernard will assume her new role on September 1, 2020, at the latest, and replaces Teresa Isele who has been Acting CEO since September, 2019.

Första AP-fonden provides additional information regarding the departure of Chief Executive Officer Johan Magnusson

On 2 September, Första AP-fonden (AP1) announced that the board had decided to dismiss Johan Magnusson from his role as Chief Executive Officer due to his violation of the internal regulations of the fund. The fund has now concluded its assessment of the need for confidentiality in accordance with the Swedish Public Access to Information and Secrecy Act in relation to the information, and has decided to publish further details.

Johan Magnusson to leave AP1. Teresa Isele appointed Acting CEO.

The Board of Directors of Första AP-fonden (AP1), Sweden’s First National Pension Fund, has decided to dismiss Johan Magnusson from his post as CEO with immediate effect.

Första AP-fonden’s return for the first half of 2019 was 9.7 per cent after expenses

Första AP-fonden’s (AP1’s) positive net investment income of SEK 31.4 billion for the first six months of 2019 entails an increase in total net assets to SEK 352 billion as per 30 June. AP1 thereby exceeds the long-term target of a real return after expenses of 4.0 per cent over a rolling ten-year period. During the first six months of 2019, SEK 3.0 billion was transferred to the income pension system.