The Second AP Fund strives to achieve full understanding of and control over the entire business flow and its processes. This enables an efficient use of resources, while ensuring reliability, quality and flexibility, all of which are essential to achieving the Fund’s targeted return.
The way in which the Fund has formulated its systems solutions and methods for monitoring and analysis directly reflects its portfolio strategy. The fact that the capital market is time and again affected by high volatility places special demands on the need for flexibility, to be able to adjust mandates and focus. Thanks to the organization’s know-how and efficient monitoring routines, the Second AP Fund has been able to implement such changes in a speedy and cost-efficient manner. This flexibility has also been essential in enabling it to counteract market movements and adjust the focus of its activities.
The Second AP Fund strives for cost-efficient asset management, with respect to both transaction and management costs.
The monitoring of transaction costs, which is ongoing and conducted at regular intervals, involves what is known as a TCA analysis (Trade Cost Analysis). This benchmarks the Fund’s direct and indirect transaction costs against a large global group of comparable funds