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A $90B Swedish Investor Says He Won't Touch Hedge Funds

by fa-mag.com posted 1year ago 32 views
One of Sweden’s biggest pension funds says there’s no case for using hedge funds given the cost they represent in the current environment. Alecta, which oversees about $90 billion in assets from its headquarters in Stockholm, prefers to do all its investing in-house. Hans Sterte, the chief investment officer of Alecta, calls hedge funds “expensive black-box investments.” They’re “not for us,” he said. “Investors haven’t been paid well in the hedge fund asset-class for a long time now,” he said in an interview.

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