AMWatch

Alecta's returns drop radically from record level

CEO Magnus Billing hopes that in the autumn, the world is a more peaceful and safer place, where there will also not be so much turbulence in the economy.

Assets under management at Sweden’s biggest pension fund Alecta experienced a minor decline during the first half of this year, dropping to SEK 1.124trn (EUR 107bn) from SEK 1.231trn (EUR 116bn) from the end of 2021.

The company’s premium savings, defined-contribution (DC) product, Alecta Optimal Pension, where AUM stands at SEK 208bn (EUR 18.7bn), pulled in a negative return of -12.7 percent during the first half of 2022.

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