Private equity drives AP2's best-ever half year figures

Almost 40 percent in returns from the private equity portfolio contributed to the Swedish buffer fund's record numbers. Lower total costs for the management also played a part.

AP2 CEO Eva Halvarsson | Photo: PR/AP2/Håkan Målbäck

Swedish national pension fund AP2 has announced 10.2 percent returns after costs for the first half of the year.

This is the highest ever half-yearly return for AP2, according to a statement from the fund, and was propelled by strong equity market returns but more specifically by a 39.7 percent return from its private equity fund investments.

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