Swedish FSA reprimands troubled pension giant

Swedish government body believes that pension firm Alecta failed to properly report its calculations of markets risks in connection with its Heimstaden investment, Svenska Dagbladet reports.

A Swedish daily is reporting on a heated email exchange between government watchdog Finansinspektionen and Alecta. | Photo: Finansinspektionen

By Charles Daly, Bloomberg

The Swedish pension fund embroiled in the Silicon Valley Bank crisis this spring is again facing reprimands from the Nordic country’s financial watchdog over its 38% stake in struggling landlord Heimstaden Bostad AB.

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Swedish FSA reprimands troubled pension giant

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

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Further reading

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