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Första AP-fonden accepts GE’s bid for Arcam

Stockholm 13 October 2016 – Första AP-fonden (AP1) has decided to accept General Electric’s (GE) bid for Arcam. The bid expires tomorrow Friday 14 October.– We consider GE as a solid and relevant owner, which is able to support a positive development of Arcam, says Olof Jonasson, Head of Equities at Första AP-fonden.  Through the bid, Första AP-fonden’s investment in Arcam will be very favorable. In just over a year, the investment has increased in value with more than 100 percent, corresponding to 250 MSEK.  Arcam, which was founded in 1997 and is listed on NASDAQ OMX Stockholm, is a

Första AP-fonden’s 2015 annual report

Four percent return and continued focus on long-term investments Stockholm, 19 February 2016 – Första AP-fonden’s net investment income after expenses for 2015 amounted to SEK 11.3 billion. The return was 4,0 percent after expenses, which is in line with the Fund’s target. The average annual return of the Fund after expenses for the past 10-year period is 5.5 percent. Real return (i.e. adjusted for inflation) after expenses for the same 10-year period is 4.4 percent – above the Fund’s long-term target. Highlights of the year (see also next page) · Net investment income after

Första AP-fonden’s semi-annual report 2012: Positive performance in a turbulent market

- Continued focus on long-term strategyStockholm, 7 september 2012 – Första AP-fonden’s net investment income after expenses for the first half of 2012 was SEK 9.7 billion (3.0), equal to a return of 4.5 percent (1.4). Net assets under management increased to SEK 221.3 billion. The period was marked by continued macroeconomic uncertainty and turbulence in the financial markets. Measured over a rolling ten-year period, Första AP-fonden has delivered a return after expenses of 5.7 percent. The Fund’s long-term target is a return of 5.5 percent after expenses. “It is satisfying that we

Första AP-fonden establishes Willhem AB and acquires large residential real estate portfolio.

The new real estate company Willhem has acquired 11,100 rental units in the Swedish cities of Stockholm, Gothenburg, Malmö, Jönköping, Borås, Karlstad and Linköping with an underlying property value of more than SEK 7 billion. The acquisition includes a total of approximately 860,000 square meters of real estate, of which 87% is residential Willhem is wholly owned by Första AP-fonden, Sweden’s first national pension fund.“We have taken the opportunity to make a sound investment in residential properties where we see strong development potential. The investment is consistent with our mission

Första AP-fonden files lawsuit against Bank of New York Mellon

Första AP-fonden has today filed a lawsuit against Bank of New York Mellon (BNYM) with the Commercial Court in London.The lawsuit has been filed in response to losses suffered by Första AP-fonden in the region of US$35.5m (equal to around SEK 230 million) during 2008 as a result of investment decisions taken by BNYM on Forsta AP-fonden’s behalf. On 19 November 2009, BNYM made a deduction of approximately US$35.5m from the Fund's managed account in respect of these losses. This deduction, which the Fund considers to have been made wrongfully, is shown in the Fund's annual reports for 2008

Positive value growth

Första AP-fonden’s total return after expenses for the first half of 2010 was 1.1 percent, equal to net investment income of SEK 2.3 billion.Due to concerns about state finances in a number of countries, many equity markets produced negative returns during the period. In spite of this, Första AP-fonden posted net investment income of SEK 2.3 billion after expenses, representing a return of 1.1 percent. At 30 June 2010 the Fund had net assets under management of SEK 202.6 billion. Exposure to equities was around 58 percent, while exposure to fixed income investments was around 37 percent and

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