Första AP-fonden’s organization is made up of five independent investment units, four units for business support/risk management and units for ESG, corporate communications  and compliance.

The Fund’s management is permeated by a holistic approach: The Fund works across many investment areas where the focus is on creating the right composition of assets. The Fund relies on independent investment research and seeks fundamental values, where expected future profits are weighed against expected risks.

The internal investment units are responsible for the overall allocation of investment assets and for management of the global bond portfolio, Swedish and other European equities and foreign exchange . For other assets, mainly non-European equities and unlisted securities, the Fund uses external managers. The head of each investment unit reports directly to the CIO, Chief Investment Officer.

Business support and risk management are handled mainly by the Fund’s own staff, since these functions are so central to the Fund’ investment process.