Alecta CEO after big SVB losses: "We need to think about what we have done wrong"
The Swedish pension giant is a major stakeholder in Silicon Valley Bank, SVB, which last week saw its share price drop dramatically. Alecta made half of its total investments in SVB last year.
Sweden’s biggest commercial pension company, Alecta, lost SEK 4.6bn (EUR 402.2m) in one single day last week as the stock price of Silicon Valley Bank (SVB) plummeted by more than 60%.
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