"Naive" credit-market fix in Sweden dismays Alecta

Sweden's latest proposal to reform its illiquid credit market is doomed to fail.

Tony Persson, who oversees Alecta's bond and currencies portfolio from Stockholm | Photo: PR / Alecta

BY RAFAELA LINDEBERG/ BLOOMBERG

That's the verdict of the head of fixed-income at Alecta, one of the country's biggest pension managers with USD 130bn in assets.

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"Naive" credit-market fix in Sweden dismays Alecta

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

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Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager