Finance
Sweden’s Alecta Rebuffs Most FSA Findings in Preliminary Probe
The entrance of the Alecta headquarters in Stockholm, Sweden.
Photographer: Erika Gerdemark/BloombergThis article is for subscribers only.
Swedish pension fund Alecta rejected most of the initial findings made by the country’s financial regulator in its probes over $3.2 billion in losses resulting from investment missteps.
The pension company is under investigation for its investments in three failed niche banks in the US, including Silicon Valley Bank, as well as a bet in Swedish property firm Heimstaden Bostad AB.