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AP3 Investment Chief Exits

The head of asset management at Sweden’s third public pension fund has left his role ahead of an overhaul of the system.
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Gustaf Hagerud, head of asset management at AP3, the third Swedish buffer fund, has left his role ahead of a wide-ranging overhaul of Sweden’s public pension system.

In a brief statement in Swedish on its website, AP3 stated that Hagerud had joined an asset management group in London.

Hagerud had worked at AP3 for six years and was vice president as well as head of asset management. Before joining the fund in September 2008 he was head of tactical asset allocation at AP1.

Hagerud spoke to CIO earlier this summer about the proposed changes to the buffer fund system, warning of serious detriment to the AP funds if politicians push ahead with their plans. The full article can be read in the September edition of CIO Europe. To sign up for the digital edition, click here.

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