Alecta’s Losses Hit $2 Billion After First Republic Sale

Alecta’s Losses Hit $2 Billion After First Republic Sale

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Sweden’s largest pension fund, Alecta, is facing losses of almost $2 billion as a result of a failed investment strategy that made it one of the biggest shareholders in two collapsed US banks and another that’s been caught up in the crisis. • None US Studies Ways to Insure All Bank Deposits If…

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