AP3

Investor Profile

Time to walk: AP3 turns away from Europe despite bullish equity outlook

“Europe is great at discussion and regulation, but rather poor at actually doing business,” says Sweden's AP3 CIO, Jonas Thulin. “The equity market is harsh, and when it votes it walks out the door. This has been happening for a long time in Europe.”

Sarah RundellFebruary 4, 2025

Investor Profile

AP funds face consolidation as report flags scale and efficiency wins

A long-awaited review into Sweden's buffer funds suggests consolidation between the three Stockholm funds – AP1, AP3 and AP4 – stating that the advantages in terms of efficiency and scale outweigh the disadvantages of continued separation.

Sarah RundellJuly 9, 2024

Featured Story

Sweden’s AP Funds emphasise the long-term as returns take a hit

This time last year, Sweden’s four buffer funds reported the best returns in their history. Fast forward 12 months, and the four funds have posted losses thanks to allocations to equities and fixed income dragging their portfolios down.

Sarah RundellMarch 7, 2023

Asset Allocation

Active, in-house and sustainability: The driving factors at AP3

AP3’s ability to actively benefit from volatile markets is rooted in a reform process undertaken by CIO Pablo Bernengo, replacing decade-old, separate alpha and beta allocations with a traditional asset class structures but avoiding silos. Active risk and sustainability go hand in hand, he says, and is a 2023 focus.

Sarah RundellJanuary 10, 2023

Investor Profile

Time to walk: AP3 turns away from Europe despite bullish equity outlook

Investor Profile

AP funds face consolidation as report flags scale and efficiency wins

Featured Story

Sweden’s AP Funds emphasise the long-term as returns take a hit

Asset Allocation

Active, in-house and sustainability: The driving factors at AP3

Investor Profile

Sweden’s recipe for success: Active, low cost, ESG

Asset Classes

A spotlight on hedge funds

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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