Sweden's largest pension fund has lost billions of dollars investing in US banks(twitter.com)
twitter.com
Sweden's largest pension fund has lost billions of dollars investing in US banks
https://twitter.com/gurgavin/status/1653076111448850448
7 comments
Link to the actual news, article:
https://www.reuters.com/business/finance/swedens-alecta-repl...
https://www.reuters.com/business/finance/swedens-alecta-repl...
Is it just me or do reuters links just go to the homepage? (I'm on iOS with Wipr installed for ad blocking)
I’m on IOS as well and it’s not just you. I got linked to the homepage as well.
If I'm reading the table right that's 12B of exposure out of ~1T in assets under management?
That's correct.
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.