Fursta AP-fonden (AP1) is a public pension fund based in Stockholm, Sweden. Established in 1960, AP1's mission as assigned by the Swedish Parliament is to manage the fund capital so as to generate maximum benefit for the pension system. It is one of the buffer funds in the Swedish pension system. The fund invests in public equity and fixed income markets across the globe. It also invests in unlisted securities via mutual funds, real estate, and hedge funds. The assets are managed by the board of directors.