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AP1 reports 5% first-half return despite 20% knock to infrastructure
Swedish national pensions buffer fund is first to report 2024 interim results
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AP1 widens tracking error to realise long-term potential
AP4 leads Sweden’s big four national pension buffer funds on 2023 returns
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#4 Leaders in Investment Podcast: Conversation with Kristin Magnusson Bernard - CEO, AP1
IPE editorial director Liam Kennedy interviews Kristin Magnusson Bernard – CEO, AP1. “The main challenge of 2024 will be maintaining the trust in what you do for your beneficiaries so that you are a credible guardian of their wealth.”
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Sweden’s AP buffer funds criticise government proposals to merge them
AP1, AP2 argue that it’s impossible to say whether restructuring should happen, since government proposals are ‘incomplete’ or have ‘decisive flaws’
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People moves: Swedish government appoints new board director for AP1
Plus: Fidelity International adds to independent governance committee; First Sentier Investrors names new chief operating officer
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AP3 leads Swedish buffer fund first-half returns, despite Thames Water hit
As Stockholm buffer funds await decision on merger, AP3’s 7.1% January-to-June return beats AP1, AP2 and AP4
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Sweden: Mixed opinions on AP funds merger
The main AP funds have expressed their opinions, with reservations, about the proposals to merge them from five entities to three
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AP1 nudges equities allocation, duration higher in first half
Swedish national pension fund produces 6.6% January-June investment return despite 7% loss on property holdings
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People moves: AP1 picks new head of active ownership
UBS, RBC Bluebay, Universal Investment, AP1, Comgest, Dalriada, Hymans Robertson, ATP
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AMF buys AP1’s stake in Swedish electricity firm Ellevio
Parties tight-lipped on deal price, but the 12.5% stake was valued at €135m at end of June
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Swedish buffer funds AP1, AP3 report 2022 losses of 8.6%, 5.8%
AP1’s CEO stresses importance of liquidity management; AP3 says emerging markets exposures to be analysed
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Sweden’s AP7, AP2, AP3 back World Bank’s SEK2.6bn EM blue bond
Bond issue designed to promote ocean-friendly projects and improve access to clean water and sanitation in emerging markets
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Swedish government employers sceptical about benefits of merging AP funds
‘Efficiency improvements are often overestimated,’ says Swedish Agency for Government Employers in buffer funds reform consultation
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AP1’s insourcing journey: In-house more advantageous in volatile market
Swedish buffer fund has no plans to replace external management duo
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AP7 beats private premium pension funds with 16.1% return in first half
State-operated pension fund produces higher return than the 14.9% average of privately-run investment options
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Swedish pensioner groups warn against political meddling with AP fund structure
AP7 disagrees with proposal to slim AP fund boards down to seven members
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The EU needs a few more AP7s
Europe sure does not have a savings problem – EU household savings amounted to €1.4trn in 2022 versus €840bn in the US. What Europe does have, though, is a glut of bank savings capital that serves as a double bind.
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Italy’s CDC scheme to invest €1.1bn across equities, bonds, alternatives
The scheme will invest 72.4% of the €1.1bn planned for next year in bonds, 4.5% in equities, and 23.1% in illiquid alternatives, including real estate
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AP1 knocked by 9.4% loss in H1, despite gains on forex, alternatives
Swedish buffer fund is second of big four to report first half financial results – beating the larger AP4
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Sweden's buffer fund AP4 considers doubling allocation to defensive equities
An overhaul of buffer fund’s dynamic normal portfolio is already under way in a bid to adapt to greater global uncertainty