Swedish fund divests from hedge funds

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SWEDEN - The SEK1.3bn (US$216m) Landstinget Västmanland pension fund is in the process of divesting from hedge funds currently worth around 3% of total assets, according to MandateWire.

Anette Öhrn, spokesperson for the Swedish local authority pension fund, said: "Hedge funds are not a part of our strategy in the new policy, which means that we are selling off the remaining part i...

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