Mikael Angberg new CIO at AP1 fund
Mikael Angberg has been appointed chief investment officer of AP1 (‘Första AP-fonden’) from his previous position as senior vice president and head of Business Development for the Nordic region at PIMCO.
Angberg previously was head of Nordic institutional equity derivatives sales at BNP Paribas, and before this responsible for institutional sales in the region for Goldman Sachs Asset Management. He has also worked at AXA IM.
AP1 is one of five AP funds in the Swedish pension system that act as so-called buffer funds, intended to ensure payments can be made if disbursements exceed contributions to the system. Currently AP1 has some SEK240bn (€27bn) of assets in a global portfolio of equities, fixed income, property, private equity and hedge funds.