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AP7 beats private funds in 2023, while AP6 profits in slow market
Two Swedish national pension funds with very different mandates publish 2023 results
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Sweden launches new AP fund review, weighs merging AP6 and AP2
Government queries expense of running so many funds; AP7 included in the review, despite not being a buffer fund
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Human rights abuses often dealbreakers for PE managers, AP6 finds
Uptake of the UN’s guiding principles on business and human rights is not widespread in the sector, according to Swedish national pension fund’s deep dive
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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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Stockholm trio merging into two is preferred option of buffer fund review
AP6 to win welcome freedoms, according to proposals in Tord Gransbo’s long-awaited official report
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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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Swiss pension funds return 6.6% year-to-date in 2024
Events in the second quarter took the shine off a stronger first quarter
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AP6 chief questions forex hedging after rule almost wipes out 2022 returns
Swedish private equity pension fund ends year with 1.9% gain; says own strategy was really tested
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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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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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AP6 handed new sustainability goals by Swedish government
CEO says the good sustainability work it’s been doing for 10 years will now be formalised
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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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Swedish buffer funds: AP3 posts 21% while PE-only AP6 returns 49%
Listed equities, alternatives and krona weakness power returns in 2021, says AP3
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FTSE 350 companies paid £6.6bn to UK DC plans in 2023
DC spend exceeds DB spend among DB sponsors for the first time
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KGAL ESPF 6 participates in the development of one of Europe’s most important hydrogen hubs
Leading independent investment and asset manager KGAL announces that the KGAL ESPF 6 Energy Transition Fund is investing in a green hydrogen project at Lubmin, a Baltic Sea port in Mecklenburg-Western Pomerania, with a total capacity of up to 1,050 megawatts. This project is part of Germany’s largest planned centre for the production and import of green hydrogen, with Europe-wide significance.
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BASF Pensionskasse amasses €4.6bn in new fund of funds
The scheme has seen an increase in its allocation to European bonds and global bonds, offset by a decline in emerging market bonds
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Smart Pension completes tenth acquisition bringing AUM to £6bn
The master trust anticipates reaching £10bn in AUM within three years
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AP6 outshines main buffer funds with 20.4% annual return
Smallest of Sweden’s pensions buffer funds says exposure to lockdown victims was low
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AP4 to integrate Scope 3 emissions into investment decisions
The fund is tackling the controversial area as part of its commitment to halve the emissions of its investments by the end of the decade
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AP7, USS, Church of England among 27 calling for urgent biodiversity action
Biodiversity loss is a ‘systemic risk which investors cannot avoid through diversification’, says AP7