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Alecta CIO starts buying bonds amid a "paradigm shift" in the market

Sweden’s biggest pension company has begun buying government bonds after a prolonged period of razor-thin yields that forced the fund into alternative and riskier asset classes to preserve returns.

Hans Sterte, the chief investment officer at Stockholm-based pension fund Alecta, which manages USD 117bn. | Photo: Alecta/PR

Sweden’s biggest pension company Alecta has begun buying government bonds amid a “paradigm shift” in the market that pushed yields to their highest level since 2018.

“We have done a bit when it comes to long-term interest rates as we think we get well paid,” Hans Sterte, the chief investment officer at Stockholm-based fund, said in an interview.

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