01 May 2024

SBAI Welcomes New Stakeholders: AP1, Carbon Cap and SMN Investment

Investor Chapter

Första AP-fonden (AP1)

Första AP-fonden (AP1) manages part of the capital in Sweden’s national income pension system. The fund’s medium-term return target on the total portfolio after costs is 3.0 per cent real per year measured over rolling ten-year periods starting in 2020. The long-term return target (over 40 years) is 4 per cent average annual real return after costs. Their assets of SEK 454,4 billion are distributed across a global portfolio consisting of equities, fixed-income securities, real estate, infrastructure, private equity funds and hedge funds.


Carbon Cap Management LLP

Carbon Cap Management LLP Carbon Cap Management LLP is an alternative asset management firm operating in the global carbon and environmental markets. The firm manages the World Carbon Fund, the largest multi-market carbon fund in the World. The Fund has dual objectives: to generate strong absolute returns and to have a direct impact on climate change. The World Carbon Fund is an SFDR Article 9 Fund with a four-year track record, monthly liquidity and which has delivered strong absolute returns over rolling 12 month horizons. The fund has won numerous awards and in addition to delivering positive absolute returns for our investors, Carbon Cap’s mission is to raise awareness about climate change and provide solutions directly related to the capping and reduction of carbon emissions.

SMN Investment Services

SMN is a private and independent financial services company based in Vienna, Austria. The company is licensed as Alternative Investment Fund Manager (AIFM) by the Austrian Financial Markets Authority (FMA), and NFA registered as a CTA. SMN was founded in 1996 by Alexander Svoboda, Christian Mayer and Michael Neubauer as a client-oriented provider of innovative financial solutions. The smn Diversified Futures Fund (Luxembourg SICAV) is the company’s flagship strategy with a consecutive track record since then. The Manager offers managed accounts, too. SMN stands for a highly diversified investment approach across a multitude of layered strategies and systems. Head of research is Joseph Waldstein. 2 of the Co-Founders (Christian Mayer and Michael Neubauer) are still involved in the day-to-day management and remain as shareholders (50/50) via their Austrian private trusts.