AP3 demands more from hedge funds
The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.
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AP3 explores equities and alternatives
AP3 looks to diversify its equity risk through an increase in alternatives. This story explores the evolution of the allocations and how it's tackling illiquidity and volatility.
What consolidation means for the AP funds
The five Swedish AP buffer funds will be reduced to three, a new responsible body will be set up to formulate long-term return targets and a reference portfolio, and limits on unlisted investments will be lifted under the new plan put forward by the Swedish Government. These are the findings of The Pension Group, which
AP3 drives further portfolio diversification
Investment staff at Sweden’s Third National Pension Fund, AP3, have discretion to make tactical decisions as part of a dynamic asset allocation strategy that along with a drive to diversify investments aims to achieve an ambitious 4 per cent real return target.
Sweden’s AP3 on the hunt for active credit exposures
The $27.3 billion Tredje AP-Fonden (AP3) of Sweden has instituted a search for active fixed income managers to run portfolios of US, European and UK credit.
Asset Allocation