IPE's Sweden Coverage – Page 10
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News
AP4 slashes transport holdings after green-shift fundamental analysis
Swedish state pension fund divests airlines, shipping, and traditional lorries while buying into US rail and niche players in truck freight
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News
Alecta makes positive return in Q1 despite US bank losses
Financial position deteriorated between January and March but still good, says troubled Swedish pensions firm
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News
Albinsson ‘open to new challenges’ when 12-year AP7 CIO stint ends this summer
Sweden’s premium pension default fund searches for CIO replacement with ‘a clear ethical compass’
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News
Alecta crisis is a test for Collectum’s processes, says Langensjö
Swedish FSA in continuing talks with troubled pensions giant; Collectum says must be told about any shift in Alecta’s investment philosophy
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News
Alecta fires Magnus Billing, but says investments were within mandate
Losses on US niche banks have “seriously damaged confidence in Alecta’s asset management”, says Swedish pension giant’s board
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News
Alecta fires equities chief; hires acting CIO as Billing slashes foreign holdings
Sweden’s largest pensions institution makes rapid changes to shore up public confidence after US bank losses
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Special Report
Regulation: IPE’s guide to pensions regulation in six key European countries
IPE’s guide to pensions regulation in six key European countries. Gail Moss reports
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Opinion Pieces
Banking crisis delivers a lesson on equity strategy
We may never know the precise reasons why the in-house equity team of Alecta, the €105bn Swedish pension scheme, chose to invest in excess of €1bn in risky US banks including Silicon Valley Bank (SVB), much of which has now been written off.
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News
Five more years for Alecta as ITP default, but bank losses prompt warning
“Recent events at the company cannot be ignored,” says Collectum
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News
Sweden must rethink pensions as income-link principle now lost, says agency
Swedish Pensions Agency releases final report in series designed to provoke public debate
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News
Sweden should probe ditching AP funds’ mandatory forex hedging, says report
McKinsey says legal requirements on currency exposure had major impact on 2022 return
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News
Swedish funds lobby insists FTN make big changes to tender plan
‘Still a lot of work to be done to adjust these to the new procurement regulations,’ says Fredrik Nordström
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News
Sweden’s AP funds gather pension majors to coax tech giants on human rights
AP Funds’ Council on Ethics convenes institutional investor group including Railpen, APG, PGGM and USS for joint engagement with Alphabet, Meta and others
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News
Alecta’s board orders immediate strategy probe after US bank losses
Swedish occupational pensions giant says its First Republic Bank investment risks being completely lost too
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News
Swedish watchdog grills Alecta, others as US bank losses pile up
NBIM ‘closely monitoring the situation in the market’ after €281m exposure to collapsed banks
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News
Alecta says it’s solid despite losing €1.3bn on US banks in days
Silicon Valley Bank, Signature Bank collapses erase 1% of Swedish pensions giant’s portfolio
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News
AP7 probes own climate lobbying to ‘set good example’
Sweden’s second-biggest pension fund sets itself twin tasks of being more open about climate lobbying, and doing more evaluation
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News
Sweden’s AP funds claim ‘major improvements’ in cocoa farming’s child-labour issue
Buffer funds’ Council on Ethics to extend reactive work to cover more asset classes
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News
AP6 chief questions forex hedging after rule almost wipes out 2022 returns
Swedish private equity pension fund ends year with 1.9% gain; says own strategy was really tested
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News
AP4’s 11.9% loss confirms AP3 as largest buffer fund after 2022
Last of the big-four Swedish pensions buffer funds to report 2022 figures says active management worsened result by 3.8 percentage points