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Alecta beats benchmark in 2018 despite 3.5% loss
Group solvency falls; employer costs reduced at biggest Swedish pension fund
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Alecta CEO calls on Swedish debt office to back green bonds
Magnus Billing says Sweden’s Riksgälden should get past its objections to green bonds and learn from French example
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Alecta chief queries relevance of EU consumer protection lens to Swedish pensions
Billing argues that high risk-free capital requirements could lead to weak protection
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Alecta’s investment scandal claims another scalp as chair Ingrid Bonde quits
Bonde says she decided to resign because of ‘too much focus on me personally’
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Skandia CEO lashes out at Swedish system that allows Alecta’s dominance
Frans Lindelöw says too much pension capital is concentrated in troubled pensions giant, creating ‘a vulnerability and a social risk’
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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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Sweden’s AP3 pension fund and its quest for alpha
Jonas Thulin, recently appointed CIO of Sweden’s Tredje AP-Fonden (AP3), talks to Carlo Svaluto Moreolo about his approach to asset allocation and portfolio management
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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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Alecta attributes strong Q1 in part to dovish turn by central banks
Swedish fund says equities are up 13% and it is gradually increasing real asset investments
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Ex-Alecta CEO eyes move into sustainable finance
Magnus Billing tells IPE he’s keen to spend his time in green investment, but doesn’t think mainstream capital has all the answers
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Alecta’s assets shrink in Q3 amid higher-for-longer rates view
Sweden’s biggest pension fund sees first-half investment gains eroded in latest reporting period
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Dutch doctors fund switches to concentrated equity portfolio
The €10bn fund will only keep about 70 companies in a new buy-and-hold approach
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Do not blame institutions for taking risks
Alecta, the SEK1.19trn (€105bn) institution that manages the Swedish ITP private-sector pension scheme, is being probed by Swedish regulators for the €1.9bn capital loss it experienced earlier this year, as the three US regional banks it invested in – Silicon Valley Bank, Signature Bank and First Republic Bank – collapsed. The institution reacted by firing its influential CEO Magnus Billing.
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Alecta anchors first close of emerging markets impact fund
Fund allows investors to invest alongside Dutch development bank in three key areas
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People moves: Norges Bank governor to resign; New risk manager role at Kyrkans
Norges Bank, NBIM, Kyrkans, KENFO, ABP, EIOPA, Alecta, Saracen, BaFin, ATP, Neuberger Berman
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Alecta hires Skandia's Sterte for investment chief role
Hans Sterte to replace Per Frennberg following his abrupt departure earlier this year
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Equities: a return to passive safe havens
In an effort to counterbalance an uncertain economic outlook and geopolitical tensions, many institutional investors are avoiding active management
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ECP Asset Management: An Australian approach to concentrated equity portfolios
The 2020s will likely be remembered as a period of high stock market concentration, similar to the decade of ‘nifty fifty’ stocks, which propelled the US market in the years before the 1973 crash.
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Sweden: FTN’s large mandate overshadows Alecta’s position
Government authority sets out first tender in its bid to ensure pension funds access to quality funds to provide safer and higher pensions