AP7 downplays heavy summer losses

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SWEDEN - The value of the AP7 fund has fallen by SK5bn (US$788m) to SK80bn ($12.6bn) as a result of the US sub-prime crisis and the credit crunch.

Richard Gröttheim, executive vice president of AP7, one of Sweden's state pension providers, told Global Pensions the results were not overly concerning for a number of reasons. He said the los...

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