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

by fa-mag.com posted 2weeks ago 6 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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