With about SEK 345 billion under management in virtually every asset class and all parts of the world, the Second AP Fund is one of northern Europe's largest pension funds. A secure and stable manager of assets, the Fund is tasked with an important assignment by the Swedish Government – maximizing the long-term return on Swedish pension assets.
The Second AP Fund is one of five buffer funds within the Swedish pension system. The Second AP Fund shall maximize longterm return at low risk. In conjunction with the other buffer funds, the Fund is tasked with maintaining reasonably consistent pension levels, even during periods affected by peaks in the number of retirees, or by an economic downturn.
The buffer funds account for approximately 15 per cent of the total assets of the pension system. The funds shall adopt a longterm approach, with a view to securing the managed buffer capital over the long-term. The Second AP Fund's scientifically-based strategic management model includes long-term forecasts covering demographic, socio-economic and capital-market developments.
The Fund's strategic management model is based on financial theory and incorporates long-term forecasts covering demographic, socio-economic and capital-market developments. Despite the turbulent financial markets of the past 10–15 years, the Fund's performance has proved solid, both in absolute terms and in comparison with similar funds, whether seen from a national or international perspective.
The Second AP Fund is an efficient manager. Seen in an international context, the Fund's management costs are on a par with those of similar funds. The Fund works consistently to reduce administrative costs where possible – without comprising its focus on an optimal return.
The Second AP Fund is an attractive employer that numbers just over 66 staff, all of whom are centrally located in Gothenburg. The Fund employs some of the foremost in their respective fields, as portfolio managers, analysts and other specialists.
The Fund adopts an active approach to ethical and environmental issues, with a view to promoting sustainable investment. Long-term investment requires companies capable of long-term sustainability, enabling them to generate a solid return that can provide a secure buffer for future pensions.