Alecta investigates own investment in troubled real estate giant

Following its failed investments in three US niche banks, Alecta is now also troubled by its single biggest investment.

Alecta's recently appointed CEO, Peder Hasslev, has to deal with a difficult issue in the form of the pension firm's huge investment in the troubled real estate giant, Heimstaden Bostad. | Photo: PR / Alecta

Sweden’s largest commercial pension firm, Alecta, has hired a business law firm to investigate whether Alecta acted in accordance with rules and guidelines when it became a leading investor in the troubled real estate company, Heimstaden Bostad, Dagens Industri reports.

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Alecta investigates own investment in troubled real estate giant

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Swedish pension investors stick with troubled real estate giant

Alecta’s huge investment in real estate giant loses SEK 3bn of its value

Huge real estate investment may cause Alecta bigger losses than US failure

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Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

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World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

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Danish pension fund invests to support female entrepreneurship in Southeast Asia

Storebrand growth fund gets new portfolio manager

Further reading

Swedish FSA to investigate Alecta’s Heimstaden investment

Alecta’s CEO rejects controversial Heimstaden investment

Critics lambast Alecta for secrecy and "incompetence" in major real estate investment

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

AP3’s head of equities to join the fund’s departing CIO at Alecta

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