One of Sweden's largest pension funds won't touch hedge funds

Alecta's CIO views hedge funds as "expensive black-box investments", but is keen to boost  investments in other alternatives despite valuations have started to look a bit expensive.
Photo: Richard Drew
Photo: Richard Drew
Rafaela Lindeberg / Bloomberg

One of Sweden’s biggest pension funds says there’s no case for using hedge funds given the cost they represent in the current environment.

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