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Sweden: Alecta continues to hit the headlines
Swedish policymakers are kept busy as the prospect of a merger of the AP funds is again under the spotlight
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Alecta, AMF plough more money into ailing Swedish battery firm Polarium
Swedish pension fund duo participate in Polarium’s SEK500m convertible preference share issue
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Alecta hunts for new deputy CEO to replace ‘stability symbol’ Thorslund
CEO of troubled Swedish pensions heavyweight says Katarina Thorslund, due to retire in March, ‘stood for continuity and stability’
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IPE Nordic Briefing: Swedish FSA on Alecta breaking the rules
Plus: Sweden’s AMF leadership changes; AP7 returns for default premium pension product
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Alecta broke the rules, says Swedish FSA, as it mulls intervention
Occupational pensions giant says will respond to watchdog’s letter by 6 September
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Alecta continues to improve governance and culture, posts 7.7% H1 return
First half of 2024 ‘has been marked by the events in 2023 that damaged confidence in us’, says Swedish pensions giant
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Alecta hires Karin Cederbaum as new legal chief
Swedish occupational pensions heavyweight picks new general counsel with legal leadership experience from Skandia and Swedbank
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Alecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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Can Alecta overcome its woes after further embarrassing blunders?
A new investment leadership team is seeking to draw a line under the continuing governance debacle at the €110bn Swedish pension giant and will reset the investment strategy
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Alecta installs Carina Åkerström as new permanent chair
Swedish occupational pensions heavyweight votes former Handelsbanken CEO in, following failed attempt to bring Lars Rohde in as board chair
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Alecta, APK back $436m Amundi-IFC impact-oriented EM bond fund
Public-private partnership aims to encourage issuance of green, social and sustainability-linked bonds in emerging markets
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Alecta adds three independents to board, keeps ‘interim’ chair for now
Struggling Swedish pensions giant announces new board line-up for election at 25 April board meeting
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Alecta loses new chair, but denies conflict of interest was problem
Carina Åkerström quit after newspaper reports on potential conflict of interest with Handelsbanken
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Alecta picks ‘high-calibre’ Lars Rohde as new chair to restore trust
Former Danish central bank and ATP chief says main task will be to contribute to Swedish pension giant’s recovery
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Sweden’s Alecta seems immune from criticism but beware the watchdog
Right now, Alecta cuts a strange figure – one of Europe’s biggest pensions institutions wounded after gaping investment losses, and sustaining still worse injuries from the monopolistic hubris it leaves in its wake.
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Alecta turns back on Lars Rohde; picks Carina Åkerström as chair instead
Swedish pensions giant criticises former Danish central bank governor’s lack of disclosure after wooing him as ‘high-calibre’
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Alecta should never had made Heimstaden Bostad investment, says CEO
Swedish occupational pension fund in talks with Norwegian billionaire Ivar Tollefsen and Heimstaden to renegotiate terms of investment
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Watchdog probes Alecta, Heimstaden ‘to protect pension savers’ money’
FI now conducting two separate investigations into Swedish pensions major’s investment
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Nordic region: Alecta faces an uphill battle
The regulator is investigating the pension fund, and it is clear the scheme will have to make some effort to restore its reputation after huge losses on US bank investments
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Alecta delivers stable returns despite rough spring
‘The loss of SEK20bn is an enormous amount and we fully understand that customers and owners have been worried,’ says acting CEO