"Given what has happened, is the management model that we have had for a long time the best for us going forward?
This was asked by Alecta's Chairman of the Board, Ingrid Bonde, during a press conference on Thursday. The answer to that question is also the most important detail for everyone who has their occupational pension with Alecta, says SVT's economic commentator Alexander Norén.
"That's what determines whether they will have good returns in the future or not, whether they can make up for those 20 billion or not," he says.
Alecta has appointed an inquiry to investigate the company's investment strategy, which they changed in the 2000s, and which may be behind the billion-dollar losses.
150 billion in 30 years
The excuse that SEK 20 billion would not be so much money, compared to Alecta's entire capital, does not buy Alexander Norén. According to him, it must also be taken into account that the return on the 20 billion that has disappeared is missed.
"They could have grown an average of 7 percent per year, and be worth around SEK 150 billion in 30 years. So I think they count a little too nicely," he says.
According to SVT's review, those who are worst affected by the billions in losses may lose 2.4 percent of their occupational pension from Alecta. Alexander Norén criticizes Alecta's management, which defends the loss by saying that it is a small sum in this context.
"It doesn't make sense to get into your head at all, that it wouldn't have any impact. I object to it being waved away and saying that it will not be noticed at all. It is mathematically impossible.
See how Alecta's investment strategy may have caused the billion-dollar losses in the video.