Summary
STOCKHOLM, Sweden (HedgeWorld.com) - Managers at AP7, one of Sweden's state pension funds, might be forgiven for cursing their luck with hedge funds. Of the small number of hedge funds that have blown up over the last year, AP7 has succeeded in having four of them in its two fund of hedge fund portfolios.
Last year the pension fund, which manages 86 billion kronor ($12.7 billion), and invests in two funds of funds - Nyon, Switzerland-based EIM and K2 advisors from Stamford, Connecticut - lost money through investments in hedge fund blowups Amaranth and Latitude, both held in the EIM portfolio .See the full content of this document
Extract
Ap7 Adds Bear to Amaranth and Latitude
Yesterday [July 3] DinaPengar.se, a website run by Swedis...
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