With SEK 227.3 billion under management in virtually every asset class and all parts of the world, the Second AP Fund is one of northen 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 Second AP Fund shall adopt a longterm approach, with a view to securing the managed buffer capital over the long-term. The Fund's scientifically-based strategic management model includes long-term forecasts covering demographic, socio-economic and capital-market developments.
Long-term strategy vital to solid return
The Fund's consistent and long-term approach to the management of assets under its care has helped ensure a solid return. Put another way, one might say the Fund has been tasked with creating the pension equivalent of a 'land of milk and honey'. In this instance, 'milk' stands for a solid return on assets and 'honey' for a longterm – as well as responsible and sustainable – approach to investment. The world has experienced several major stock market declines in recent years, but the Second AP Fund has performed well in comparison with similar funds, whether seen from a national or international viewpoint.
Cost-efficient fund management
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.
An attractive place to work – with exceptional competence
The Second AP Fund is an attractive employer that numbers just over 50 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.
Sustainable and involved ownership
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.