SWEDEN - AP3 has said it is not concerned about losses on its investment in Freddie Mac and Fannie Mae, following reports by national newspaper Dagen Nyheter that Swedish state pension funds have lost a total of SEK500m (US$84.2m) in the last year as a result of the firms' difficulties.
Erik Valtonen, CIO, Swedish state pension fund AP3, told Global Pensions: "For our fund, we reckon the loss on these holdings is of about two basis points and we are not particularly concerned abou...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date