AP3 reports 20% drop as diversification falls short

By 2009-02-18T12:03:00

[15:55 CET 18-02] SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, lost SEK 44.8bn (€4.03bn) in 2008 as it admitted its risk diversification strategy "did not bear fruit".

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