The investment process

In order to reach the return targets as part of the set risk level, Första AP Fonden’s portfolio consists of a series of different assets with varying qualities from an investor perspective.

In 2014 the portfolio had exposure of around 50 per cent to listed equities, 30 per cent to fixed income assets and 20 per cent to alternative investments such as real estate, private equity funds, hedge funds and alternative investments. In each asset class, there is also a breakdown between assets to reach the desired risk level and expected return.

Since 2009 Första AP-fonden has worked according to an investment process that is based on a long-term approach, fundamental research and a higher share of investments other than listed equities and fixed income assets. For example, the Fund increased its investments in real estate, hedge funds and private equity funds.