All Silicon Valley Bank articles
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News
Alecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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News
Norway’s SWF builds up stewardship team in New York
With North American assets making up nearly half the €1.4trn SWF’s equity fortune, gaining more first-hand experience in the region is key for GPFG, says governance chief
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News
With €620m losses, Alecta wins race to lead First Republic Bank class action
Amid woes, Swedish occupational pensions giant hails its active role in process to recover lost money
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News
NBIM chose ‘driver’s seat’ for SVB class action, but no bids for other US leads
Norway’s SWF manager spells out its three main reasons for seeking lead plaintiff role in Silicon Valley Bank legal action
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News
NBIM to lead class action for first time, joining AP7 against SVB
AP7 reveals it is also leading class action in US against failed Signature Bank
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News
Norway’s SWF seeks role as lead litigator in US class action against SVB
‘Gains from lawsuits definitely outweigh costs,’ says NBIM’s governance chief
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News
Alecta’s new CEO Hasslev: ‘Most important thing is to restore confidence’
Former AMF CIO to replace fired Magnus Billing at helm of troubled Swedish pensions giant
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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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News
Bank demises isolated, but VER’s CEO warns of wider crisis if rates stay high
Timo Löyttyniemi says collapse of SVB and forced sale of Credit Suisse only indicate problems with certain individual banks
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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
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
US banking crisis costs ABP hundreds of millions
Danish pension funds have limited exposure to SVB, says FSA
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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