A
lecta's ill-fated real estate investment in Heimstaden Bostad could have been halted six years ago, according to recent media reports. In 2018, a law firm sounded the alarm about investing further in the company, but its warning never reached Alecta's finance committee.
The current CEO of Alecta, Peder Hasslev, has acknowledged that the investment was mishandled. Sources close to the pension giant have revealed that a warning against Heimstaden Bostad was ignored by top executives at Alecta in 2018.
realestate
Alecta's 2018 Real Estate Bet Raises Questions Over Oversight
A law firm's six-year-old warning about Heimstaden Bostad investment was ignored by Alecta's finance committee.
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realestate
Charmant Hotel Bought by Billionaire Diane Hendricks' Real Estate Firm
Charmant Hotel sold to Hendricks Commercial Properties, founded by Wisconsin’s richest woman, Diane Hendricks.
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realestate
Lead perpetrator of large real estate fraud gets 3‑year prison term
Matthew Onofrio, Mayo nurse anesthetist turned guru, called by Judge Nelson the ringleader of a massive bank fraud.
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realestate
Lead perpetrator of large real estate fraud gets 3‑year prison term
Matthew Onofrio, Mayo nurse anesthetist turned guru, called by Judge Nelson the ringleader of a massive bank fraud.