AP3 reports stable performance – and is focusing on building for the future
AP3 reports a stable performance for, with fund capital totalling SEK 500 billion. The result was 36.2 billion, giving a return of 7.8 per cent for the year. Over five and ten years, this gives returns after costs of 9.6 and 8.7 per cent respectively.
Staffan Hansén, CEO AP3:
“Global equity markets had a clear upward trajectory during the year, but there were also several bumps in the road that had investors fluctuating between hope and disappointment. Despite the volatile year, AP3 reports a stable performance.”
Highlights of 2023
- Targets and action plans were defined in AP3s focus areas: corporate governance, climate, human rights and biodiversity.
- The procurement of new system infrastructure was completed, which is an important step in future-proofing the fund’s operational support.
- A new Head of Asset Management was recruited, with Jonas Thulin replacing Pablo Bernengo, who left AP3 at the end of the year.
AP3’s key ratios |
31.12.2023 |
31.12.2022 |
Fund capital at end of year |
499.8 |
468.4 |
Net payments to pension system, SEK bn |
4.8 |
4.7 |
Net result, SEK bn |
36.2 |
-29.2 |
Return after expenses, % |
7.8 |
-5.8 |
Total asset management costs, % |
0.07 |
0.08 |
Asset management costs excluding commission expenses, % |
0.06 |
0.06 |
Annual average return after expenses, 5 yrs, % |
9.6 |
8.1 |
Annual average return after expenses, 10 yrs, % |
8.7 |
9.3 |
For further information, please contact:
Lil Larås Lindgren, Head of Communications. Tel.: 08 555 17 123 lil.lindgren@ap3.se
Read more about Third Swedish National Pension Fund (AP3) at www.ap3.se/en/
Keywords
Contacts
Lil Larås LindgrenAP3
Tel:+46709 517223lil.lindgren@ap3.seAP3 - Third Swdish National Pension Fund
AP3 is one of five buffer funds that manage capital on behalf of the Swedish state pension system. At 31 December 2023, the fund had SEK 499.8 billion under management and an annual return of 7.8 per cent.
The fund is tasked by the Swedish Parliament with generating the maximum possible benefit for the state pension system by managing its fund capital responsibly and delivering strong investment returns at a low level of risk.
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Latest releases from AP3 Tredje AP-fonden
AP3 redovisar stabilt resultat – och har fokus på att bygga för framtiden22.2.2024 08:34:50 CET | Pressmeddelande
AP3 summerar ett stabilt resultat för 2023 där fondkapitalet uppgick till 500 miljarder kronor. Resultatet blev 36,2 miljarder vilket gav en avkastning om 7,8 procent för året. På fem respektive tio år ger det 9,6 respektive 8,7 procent avkastning efter kostnader.
AP3 and Wafra form new investment platform to pursue private equity co-investments5.12.2023 14:03:22 CET | Press release
New venture combines the deal flow and investment capital of its founders New York and Stockholm, December [5], 2023 – The Third Swedish National Pension Fund (“AP3”) and Wafra Inc. (“Wafra”) today announced the formation of an investment platform called Covalent. The platform is focused on pursuing a new approach to private equity co-investing, harnessing the capabilities, networks and experience of a small number of large, forward-thinking, global asset owners.
AP3 och Wafra bildar en ny investeringsplattform för att göra private equity co-investments5.12.2023 14:01:37 CET | Pressmeddelande
Ett nytt samarbete kombinerar affärsmöjligheter och investeringskapital från dess grundare. New York och Stockholm, 5 december, 2023. Tredje AP-fonden (”AP3”) och Wafra Inc. (”Wafra”) tillkännagav idag bildandet av en investeringsplattform kallad Covalent. Plattformen fokuserar på ett nytt tillvägagångssätt för att generera och genomföra s.k. co-investments (saminvesteringar) inom private equity genom att utnyttja kapaciteten, nätverken och erfarenheten hos ett litet antal större, framåtblickande, globala kapitalförvaltare.
Jonas Thulin becomes AP3’s new Chief Investment Officer6.10.2023 11:00:52 CEST | Pressmeddelande
Third Swedish National Pension Fund (AP3) has appointed Jonas Thulin as its new Chief Investment Officer.
Jonas Thulin blir AP3s nya Kapitalförvaltningschef6.10.2023 11:00:08 CEST | Pressmeddelande
Tredje AP-fonden (AP3) har utsett Jonas Thulin till ny Kapitalförvaltningschef.
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