3.21.2023

They never waive their fee

Being a pension saver in Alecta must be frustrating at present. Today the company announced that it is selling its holding in the crisis-stricken bank First Republic Bank (FRC.PRH) at a loss of just over $0.62 billion. Alecta was the 5th largest shareholder in the bank.

I wonder how many more bad investments the company can handle before they have to admit that future pension payments will be significantly negatively affected.

Even if Alecta is doing badly, they continue to charge their fee.


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