- Advertisement -

Related

AP7 CEO to Step Down

- Advertisement -

Stockholm (HedgeNordic) – Richard Gröttheim, the CEO of AP7 for the past 12 years, will step down from his role in 2023 after 22 years at the Seventh Swedish National Pension Fund. AP7’s board is now starting the process of recruiting a new CEO and Gröttheim remains in the role until the process is complete.

Gröttheim has been at AP7 since the pension fund began operations in 2000. After more than ten years as Executive Vice President, he was appointed as CEO in October 2010. AP7 Såfa, a fund portfolio managed by the state pension fund AP7, is the default alternative in the Swedish premium pension system. At the end of 2021, AP7 managed SEK 970 billion for more than five million premium pension savers.

“The time is right to bring my operational career to a close and to hand over the baton to my successor.”

“It has been a fantastic journey for which I am very grateful,” comments Richard Gröttheim, the outgoing CEO of AP7. “The premium pension default alternative is a cornerstone of the Swedish pension system and I had the opportunity to develop it together with fantastic colleagues,” he continues. “The time is right to bring my operational career to a close and to hand over the baton to my successor.”

“The board would have liked to see Richard Gröttheim stay for a couple more years, but fully understands that he wants to devote himself to other activities after a long and dedicated service.”

“The board would have liked to see Richard Gröttheim stay for a couple more years, but fully understands that he wants to devote himself to other activities after a long and dedicated service,” says Per Frennberg, chairman of the board of AP7. “The financial result has been outstanding, the organization is highly competent and the sustainability work has been exemplary.” Since the fund’s start in 2000, savers have received an average return of 11.6 percent per year.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -