Sweden’s AP2 adapts to a changing world

In order to be better equipped to face a changing world, Sweden’s AP2 is reinventing itself by establishing new structures for both its portfolio and investment organisation. Going forward, the SEK 426 billion (EUR 37.2 billion) Swedish national pension fund will put more emphasis on dynamic asset allocation, having a more holistic portfolio perspective and internal co-operation.

The changes are the result of an internal project initiated almost two years ago and all employees as well as the board have been involved in providing input about what has been working well and in which areas the pension fund needed to improve. The project was launched not long after Erik Kleväng Callert came on board as chief investment officer of AP2 in May 2022 and has taken up much of his time since he joined. Erik Kleväng Callert says that with the new structure, the Gothenburg-based pension fund will be in a better position to fulfil its aim