The Swedish Pensions Agency (SPA) is suing a UBS subsidiary called UBS Third Party in Stockholm District Court and is demanding USD 42m back.
In a statement published Friday, July 2, SPA Head of Legal, Lena Aronsson says that savers on the fund platform Fondtorget have lost money due to UBS Third Party's inadequate management of certain funds previously available on Fondtorget.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from AMWatch
Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.