Freddie and Fannie impact on AP3 limited

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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...

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