News archive

24 March 2021

AP1’s CEO Kristin Magnusson Bernard new member of the Financial Stability Contact Group (FSCG) of the European Central Bank

AP1’s CEO Kristin Magnusson Bernard is now a member of the Financial Stability Contact Group (FSCG) of the European Central Bank. The FSCG serves as a forum for discussing issues related to euro area financial stability and is chaired by the Vice-President of the ECB, Mr. Luis de Guindos.

25 February 2021

Första AP-fonden (AP1) delivered a return of 9.7 per cent and reduced its carbon footprint and costs considerably in 2020

During a challenging year AP1 delivered a high return of 9.7 per cent after costs, with net investment income amounting to SEK 34.8 billion. SEK 7.9 billion were transferred to the national income pension system. The Fund’s year-end assets under management amounted to SEK 392.6 billion. Costs were cut by SEK 123 million, a decrease of 29 per cent year-on-year, and the equity portfolio’s carbon footprint was reduced by 46 per cent during the same period.

6 October 2020

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.

6 October 2020

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.

23 July 2020

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.

4 May 2020

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.

16 March 2020

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.

21 February 2020

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.

19 February 2020

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.

4 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.