[ad_1] Alecta, Sweden’s largest pension fund, announced that the chairman of its board, Ingrid Bonde, has stepped down. Bonde’s resignation comes as Alecta faces scrutiny over recent investment losses. Jan-Olof…
Tag: Alecta
Alecta should never had made Heimstaden Bostad investment, says CEO
[ad_1] Peder Hasslev, the chief executive officer of Sweden’s largest pension fund, has condemned the pension fund’s original decision to make the now precarious investment in residential property firm Heimstaden…
Sweden’s regulator questions Alecta over property investment risks
[ad_1] Sept 20 (Reuters) – Sweden’s financial markets regulator has asked pension fund provider Alecta whether it took interest rate and currency risks into account over its stake in a…
Alecta poaches from AP3 again: hires Magnus Tell to head up equities
[ad_1] Sweden’s biggest pension fund Alecta has now poached another top investment man from national pensions buffer fund AP3 as it rebuilds the organisation amid the fallout from US bank-losses…
Pension fund Alecta says Swedish property firm Heimstaden Bostad needs cash
[ad_1] STOCKHOLM, Sept 7 (Reuters) – Alecta, Sweden’s largest pension fund provider, said on Thursday Swedish property firm Heimstaden Bostad is in need of more cash, and that it may…
Swedish watchdog investigates Alecta after US niche bank losses
[ad_1] STOCKHOLM, May 4 (Reuters) – Sweden’s financial watchdog is looking into Alecta’s risk taking after the pension giant made big losses from investments in recently collapsed U.S. niche banks,…
Sweden’s Alecta replaces CEO after US bank losses
[ad_1] OSLO, April 11 (Reuters) – Swedish pension fund Alecta said on Tuesday its CEO Magnus Billing was stepping down with immediate effect following the recent announcement of large losses…
Sweden’s Biggest Pension Fund Alecta Puts Its Equities Chief on Leave After Almost $2 … – Latest Tweet by Bloomberg | LatestLY
[ad_1] (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the…
Swedish pension fund Alecta sells its stake in First Republic Bank
[ad_1] STOCKHOLM, March 21 (Reuters) – Alecta, Sweden’s biggest pension fund, has sold all its shares in ailing U.S lender First Republic Bank (FRC.N) at a loss of $728 million,…
Alecta sells entire stake in First Republic Bank at $728 mn
[ad_1] Amidst uncertainty in First Republic Bank, Sweden’s biggest pension fund, Alecta has exited the US-based lender by selling its entire shares at a loss of 7.5 billion kronor ($728…