Community Stabilization Partners was created after the 2023 collapse of Signature Bank to help support rent-stabilized apartments.
The Swedish pension fund fired its CEO and replaced its head of equities earlier this year after losing $2 billion from the collapse of Silicon Valley Bank.
Magnus Billing lost the confidence of the pension fund’s board, and Katarina Thorslund has been named acting CEO.
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.
A slight dip in inflation and new Washington safeguards for lenders seem to have reassured investors, for now.