Alecta is the fourth largest owner in SVB and also owns a number of other American banks that SVB dragged down in the case, which resulted in the company losing a total of at least SEK 6.4 billion, something that Dagens Industri was the first to report.
- Right now it's not a good investment, it's impossible to say anything else, says Jacob Lapidus, head of external communications and press at Alecta.
- What exactly in our analysis of this investment has gone wrong, we of course need to try to understand, and are not completely done yet, he continues.
Left the big banks
Alecta began investing in SVB in 2019 and in the spring of 2022 the company sold its shares in Handelsbanken and Swedbank to continue investing in the American banking sector.
- It actually went quite well the first two and a half years if you talk about the price development, if you had asked a year ago there would probably have been cheers, says Jacob Lapidus about the investment in SVB.
Marginal impact on customers
However, the billion pound will not affect most of Alecta's customers.
The pensions for those born in 1978 or earlier are not affected by fluctuations in the stock market, but are based on salary and inflation.
For those born after 1978, the impact will be marginal, according to Jacob Lapidus.
- The holding has lost value and will somewhat affect the return for this year.
But on the other hand, they have 25 years left until retirement, you have to think about that, says Jacob Lapidus and continues:
- Billions of kroner is a lot of money, but for the individual customer, it is a very small percentage of that customer's pension capital.