Corporate Moves
Swedish Pension AP7 Blacklists Oil Giant Aramco
The $115 billion fund also added six other firms to its banned roster for ‘acting against the targets of the Paris agreement.’ Most are in China.
Tag: AP7
Asset Allocation
AP7 Adds 2 Chinese Firms to Blacklist Over Large-Scale Coal Production
Three companies were removed from the list, which now totals 106 excluded companies.
Newsmakers
Norges Bank, AP7 Named Co-Lead Plaintiffs in Silicon Valley Bank Lawsuit
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Manager Selection
Sweden’s AP7 Hires Head of Asset Management
Lena Fahlén will leave Handelsbanken after more than 20 years to join AP7 in September.
Risk
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Newsmakers
Swedish Pension Fund AP7 Sues Microsoft, Activision Over Takeover Deal
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
Newsmakers
Swedish Pension Responds to Accusation of Taking Blacklist Too Far
AP7 was accused of committing a ‘security scandal’ by linking Wärtsilä to nuclear weapons production.
Newsmakers
Swedish Pension Fund Thwarts Zuckerberg
AP7 calls Facebook abandoning C shares plan an ‘important success for minority owners.’
Asset Allocation
Swedish Pension Fund Shuns Firms That Violate Paris Accord
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.