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Financial Supervisory Authority of Sweden

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Swedish Pension Fund Embraces Culture and Governance Reforms

by Starling Insights

Observations

Sep 11, 2024

Sweden's largest pension fund, Alecta, has spent much of the past year improving governance, risk management, competence, and culture after suffering a $2 billion loss in 2023 due to its investments in collapsed US regional banks, including Silicon Valley Bank (SVB).