AMWatch

AP7 CEO prepares to gradually deploy billions to illiquid space

Sweden’s premium pension system buffer fund will soon be able to commence investments in real assets. Billions of SEK will be gradually allocated to the asset class over the next four years.

AP7 CEO Richard Gröttheim is ready to invest up to 15% of almost EUR 90bn in alternatives in the next four years. | Photo: AP7

A recent proposal from the Swedish government means that Swedish pension fund AP7 will finally get what it has wanted for years: a new mandate giving the premium pension system buffer fund the freedom to diversify into illiquid and alternative assets.

“We’ve read through the proposal and I can generally say that we’ve been asking for these changes for a long time. That’s because we believe that savers will get a much better savings product going forward. We’ll be able to diversify, something we have been trying to do within the current constraints when we have allocated to risk premia and small-caps. But this will enable us to get a real diversification in our portfolio,” AP7 CEO Richard Gröttheim tells AMWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch