Pensions
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.