AP1's former CEO was fired for purchasing shares in company of which the pension fund was a cornerstone investor
In violation of fund policies, AP1's now former CEO purchased private shares in the IPO of a real estate company of which he had decided the pension fund should be a cornerstone investor.
Swedish state pension fund AP1 recently fired CEO Johan Magnusson because he signed up privately in the IPO of a real estate company in which AP1 was a key investor, an official statement by AP1's Board of Directors reveals on September 4.
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