Pressens Pensionskassa risks losing out on Weavering Investment

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SWEDEN - The SEK8.1bn (us$988M) Pressens Pensionskassa has revealed it is at risk of losing around SEK102m invested in a troubled hedge fund. The hedge fund manager in question is now under investigation in relation to potentially overestimating the value of its securities portfolio.

Pressens Pensionskassa's new CEO Viveka Ekberg said the scheme will review its practices after it invested in Weavering Capital's hedge fund, which was put into liquidation in March this year. The ...

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