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Swedish Pensions Agency sues UBS subsidiary – wants USD 42m

The issue dates back to 2015, when UBS Third Party outsourced management of a Fondtorget-hosted fund to a company accused of having failed to act in the best interest of savers after buying and profiting from high-risk assets. UBS counters saying the agency has not presented evidence of any wrongdoing.
Photo: PR / Swedish Pensions Agency
Photo: PR / Swedish Pensions Agency
by MIRZA GAZIC

The Swedish Pensions Agency (SPA) is suing a UBS subsidiary called UBS Third Party in Stockholm District Court and is demanding USD 42m back.

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