Asset Owner Directory

AP Fonden 2 (AP2)

Andra AP-fonden (AP2) is one of five buffer funds within the Swedish pension system, tasked with maximizing long-term return – and at low risk to pension disbursements. A committed asset manager, the Fund invests worldwide, in a wide range of assets like equities, fixed income and real estate.

Country

Sweden

AUM

$48

Performance (%, 1YR)

8.20

Chief Executive

Eva Halvarsson

Chief Investment Officer

Anna Hammer

Chair

Anna-Karin Jatko

Asset allocation

10% Swedish Equities

20% Developed Market Equities

10% Emerging Market Equities

13% Private equity

18% Real assets

11% Government bonds in developed markets

10% Credit bonds in developed markets

5% Bonds in emerging markets

4% Non-listed credits

-1% Other

Website

View the annual report

Asset allocation as of December 31, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

News

Sweden’s AP2 and AP6 conflict over PE investments

The Swedish government’s plans to streamline the country’s pension system and merge the $8 billion buffer fund AP6 with its larger and more diversified sibling, the $48 billion AP2, have hit a bump in the road. Major points of contention include AP6's large private equity exposures and staff integration.

Sarah RundellDecember 4, 2025

Featured Story

AP funds reform: Expanded opportunity in private equity

Much anticipated reform of Sweden's five buffer funds will liquidate AP1, dividing assets between AP3 and AP4. Private equity specialist AP6 will also merge with AP2, expanding the opportunity for the private equity investor and securing the future of the specialist team.

Sarah RundellFebruary 13, 2025

Sustainability

Sweden’s AP funds model sustainable ownership

The CEOs of Sweden's AP funds comment on important milestones in the last year, including decisions to bring more management in-house, governance changes and increased sustainable investment.

Sarah RundellMay 9, 2024

Featured Story

Dutch, British and Australian funds latest to back timberland

Investors are hunting forestry assets because they combines a large-scale sustainable investment with compelling risk-adjusted, inflation proof returns and diversification. Funds like Nest, APG and AP2 explain their approach.

Sarah RundellOctober 19, 2023

Featured Story

AP2 returns active Chinese equities back to quant

AP2, Sweden’s SEK 400 billion ($38.8 billion) buffer fund, recently divested its allocation to three Chinese asset managers overseeing an allocation to China A shares despite spending many years carefully building up the successful stock picking portfolio.

Sarah RundellApril 11, 2023

Sustainability

AP2 aligns portfolio with energy transition; forestry focus

In a recent update, AP2, the SEK 440 billion ($44.1 billion) Swedish buffer fund, outlined how it is investing in forestry, green bonds and bioenergy in support of the energy transition

Sarah RundellJune 27, 2022

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
Local Government Pension Scheme (LGPS Central)	United Kingdom	$40	16	View Info
AP Fonden 6 (AP6)	Sweden	$8	3	View Info
California Public Employees Retirement System (CalPERS)	United States	$503	308	View Info