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Sweden's largest pension fund has lost billions of dollars investing in US banks

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Re: Sweden's largest pension fund has lost billions of dollars investing in US banks

#4

Post by Spoiled_toast »

freeqaz wrote: post #3
animal_spirits wrote: post #2

Link to the actual news, article: 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.

Re: Sweden's largest pension fund has lost billions of dollars investing in US banks

#5

Post by DanielHB »

A small note: Alecta is a private pension fund (tjänstepension). Public pension funds are unaffected as far as I know

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.

Re: Sweden's largest pension fund has lost billions of dollars investing in US banks

#6

Post by andreareina »

freeqaz wrote: post #3
animal_spirits wrote: post #2

Link to the actual news, article: 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)

https://archive.is/lDg3B
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