Acting CEO explains her revamp of a EUR 32.5 billion fund shifting from active to passive equity investment strategy
The woman running the AP1 fund a EUR 32.5 billion investor that forms a key pillar within Sweden’s pension system is adopting a new strategy to gird for what she says will probably be a decade of meager returns.
By Rafaela Lindeberg and Hanna Hoikkala / BLOOMBERG
Teresa Isele, who’s been in charge of AP1 since late last year, says the ultra-low rate environment has forced the fund to cut its mid-term return target to 3 percent from 4 percent.
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