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02/10/2017at 12:55

AP7 CEO ready to lead more lawsuits after Facebook victory

Sweden’s AP7 pension fund hails its part in a major victory for shareholder power, as internet giant Facebook is forced to back down on plans to issue a new voteless class of share. CEO Richard Gröttheim tells AMWatch why it’s important to go to court to be an active owner, and says his fund would do it again.
AP7 was part of an shareholder group that forced Facebook to abandon plans for voteless shares. | Photo: /ritzau/AP/Matt Rourke
by RACHEL FIXSEN

When Mark Zuckerberg, the founder of social media giant Facebook, announced he was withdrawing contentious plans to reclassify the firm’s share capital, Sweden’s AP7 national pension fund was not the only investor to cheer.

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Pension firms can play a significant role in steering companies into a more sustainable direction, says SPP and Storebrand Head of Sustainability, Johanna Lundgren Gestlöf. | Foto: Jonas Eng
AMNews

Two additional pension firms join the green club in Swedish sustainability rankings

Swedish unit-link insurance companies have undergone their annual sustainability assessment by insurance brokers, Söderberg & Partners. Several have moved up and down the rankings.
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Maunu Lehtimäki, CEO of Evli. | Foto: PR Evli.
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Alternative sales grow and net flows start to stabilize at Finland's Evli

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Speed is of the essence when launching new investment products, CFO Masih Yazdi says. | Foto: PR / SEB
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SEB aims for speedy product launches to make up for huge AUM drop in 2022

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Foto: Thomas Borberg/Ritzau Scanpix
Responsible Investing

Danes' equity holdings shrank by 9% in 2022

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Foto: Shannon Stapleton/Reuters/Ritzau Scanpix
AMNews

Investors are missing earnings data after 2022 IPO collapse

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Karl C. W. Mathisen fills position as head of equities at Folketrygdfondet on Feb. 1. | Photo: Folketrygdfondet
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Folketrygdfondet finds new head of equities in own ranks

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Further reading

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Norwegian wealth advisor to open Danish office

Formue, wealth consultant based in Norway, plans to open an office in Copenhagen, thereby gaining presence throughout Scandinavia.

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Simon Cooke is the portfolio manager for BNY Mellon's new Responsible Horizons EM Debt Impact Fund. | Foto: PR/ BNY Mellon
Fund Management

BNY Mellon launches EMD impact fund as issuances take off

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Timo Löyttyniemi, CEO of the State Pension Fund of Finland (VER). | Foto: PR VER.
AMWatch

Finnish state pension fund looks at boosting private assets exposure

”Taking into account how large changes have been taking place in the world during the past three years, we have made surprisingly few adjustments within our portfolio,” says Timo Löyttyniemi, CEO of Finland’s EUR 21.3bn State Pension Fund. 

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