Institutional Investors

AP1 aligns its ethical standards with hedge fund investments

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A pioneer in social and ethical investments, the Swedish pension fund's search for three hedge fund partners has attracted an unprecedented response from across the industry

By Pirkko Juntunen

Investor appetite for hedge funds in the Nordic region does not seem to have diminished despite the underperformance and scandals that have dogged the industry in the last few years. That said, the scandals have resulted in some institutional investors with high ethical standards steering clear of the industry.


Rikard Kjörling


Första AP-Fonden, the First Swedish National Pension Fund (AP1) and one of the national Swedish buffer funds, however, is well known for its high ethical standards and requirements and is still planning to take a step into the hedge fund world. AP1,