Analysis: Lessons to be learned from Alecta's investment mess
The story of Alecta and its troubled investments reveals a risky strategy that the pension giant cannot really afford. Other investors may well take note of the Alecta case as an example of failure.
By Flemming Højbo
Alecta has suffered heavy damage to its reputation during the past few months. Trust in Sweden’s largest commercial pension firm has been severely undermined. This trust may be the most valuable asset of all when your very raison d’être is handling the pensions of 2.8 million Swedes – and when you are a Nordic giant investor with SEK 1.2trn (EUR 103.7bn) in assets under management.
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