Sweden to Shutter AP6, Transfer Unlisted Assets to AP2
The Swedish government is closing AP6, one of the country’s buffer funds. The government is looking to overhaul the country’s AP fund system. AP6 specializes in private equity. AP6 will roll up into its sister fund AP2. AP6’s 23.6 billion SEK (US$ 3 billion) in unlisted assets will be moved to AP2. Various AP officials are concerned about transition costs.
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