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Boom year on the stock market contributed to Alecta's strong returns this year - but focus on illiquid assets remains

Traditional assets like equities are priced to perfection, leading Sweden’s biggest pension fund to search for pockets of value in alternatives. But a strong year in the markets still led to strong returns year-to-date, Deputy CEO and CIO Hans Sterte tells AMWatch.

Hans Sterte, CIO, Alecta | Photo: PR / Alecta

Like the big Nordic banks and asset managers, Swedish pension fund Alecta this week published its latest figures after the third quarter of the year. The difference is that Alecta's report highlights the year-to-date performance, which was strong for both of its pension portfolios.

The defined contribution portfolio -- the smaller of the two with SEK 205bn (EUR 20bn) -- had returns amounting to 14.1 percent this year so far. Alecta's defined benefit portfolio, with SEK 948bn (EUR 95bn) in assets under management returned 8.9 percent year-to-date.

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