• The profit for the year amounted to SEK 1,706 million.
• The Fund’s return after costs was 9.4 per cent, to be compared with the Boards target of 6.5 per cent.
• The Sixth AP Fund’s fund capital stood at SEK 19.9 billion at the end of 2010.
Since the Fund’s inception in 1996, the fund capital has grown by SEK 9.5 billion, from SEK 10.4 billion to SEK 19.9 billion.
“We are pleased to be able to report a profit of SEK 1.7 billion for 2010. For the Sixth AP Fund, this proved to be a year in which we were able to capitalise on opportunities that enabled the profitable sale of companies such as Todos and KVD Kvarndammen, but also the divestment or write-down of investments where we have not been able to create a return. During the autumn, we initiated a process to change the Sixth AP Fund’s control models and organisation,” says Adam F Laurèn, acting Managing Director of the Sixth AP Fund.