Reported about 1 month ago
Swedish pension fund Alecta has rejected most of the preliminary findings from the Financial Supervisory Authority regarding over $3.2 billion in losses due to investment missteps. The authority is investigating Alecta's investments in failed banks, including Silicon Valley Bank, and a stake in Swedish property firm Heimstaden Bostad AB. Alecta, which manages around $115 billion, stated in a response that it does not agree with the regulator's assessments, emphasizing its role as a mutual pension company owned by policyholders.
Source: YAHOO