Swedish buffer fund AP1 sues Bank of NY Mellon over $35.5m loss

By 2010-11-10T11:00:00

Swedish buffer fund AP1 sues Bank of NY Mellon over $35.5m loss

GLOBAL – AP1, one of the national Swedish buffer funds, is suing Bank of New York Mellon (BNYM) at the Commercial Court in London. The lawsuit revolves around losses of $35.5m (€25.8m) incurred by AP1 in 2008, which the buffer fund attributes to investment decisions taken by BNYM on behalf ...

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