Sweden's largest pension fund has lost billions of dollars investing in US banks(twitter.com)

Sweden's largest pension fund has lost billions of dollars investing in US banks

https://twitter.com/gurgavin/status/1653076111448850448

7 comments

A small note: Alecta is a private pension fund (tjänstepension). Public pension funds are unaffected as far as I know

As a software engineer working in Sweden my current pension savings (after the losses) are about 55% public pension (allmänpension) and 45% private pension (tjänstepension, most of which is with Alecta). I don't have a way to check how much I personally lost on this though.

Meaning that this will affect the higher income working class more, the people who have private pensions from their employers.

animal_spirits3년 전

Link to the actual news, article:

https://www.reuters.com/business/finance/swedens-alecta-repl...

freeqaz3년 전

Is it just me or do reuters links just go to the homepage? (I'm on iOS with Wipr installed for ad blocking)

andreareina3년 전

https://archive.is/lDg3B

Spoiled_toast3년 전

I’m on IOS as well and it’s not just you. I got linked to the homepage as well.

andreareina3년 전

If I'm reading the table right that's 12B of exposure out of ~1T in assets under management?

swedishturnip3년 전

That's correct.