- 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

The Illusion of Longevity: Why Averages Mislead in Hedge Fund Survival

Longevity is not a defining feature of the hedge fund industry. Wide performance dispersion, impatient capital, and a high fixed-cost base create a fragile...

Elo’s Slow-Moving Hedge Fund Portfolio Built Around Access

Soon after Kari Vatanen joined Finnish pension insurer Elo as Head of Asset Allocation and Alternatives, he praised the team behind the firm’s hedge...

The New Coda: From Intuition to a Unified Investment Process

Peter Andersland is best known in the Nordic hedge fund space as the co-founder of Sector Asset Management, where he remains a shareholder. While...

When Diversification Fails: Qblue’s Case for Alternative Risk Premia

The notion that a traditional 60/40 portfolio offers meaningful diversification has long been questioned by practitioners. When implementing the Total Portfolio Approach at Danish...

Tidan NOVA Profiting from Volatility Skew as Market Participants Seek Protection

Tidan Capital’s evolution into a multi-strategy platform reflects a broader effort to deliver complementary sources of alpha, with its NOVA strategy serving as a...

Extracting Alpha from the Factor Zoo Through Systematic Investing

There are multiple ways to approach equity investing and, ultimately, the pursuit of alpha. While many strategies rely on market direction or discretionary stock...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -