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A Swedish Investing Giant Is Sick of His Country's Policy Misses

City Property And Construction As Riksbank Raises Swedish Housing Market Threat
Photographer: Mikael Sjoberg/Bloomberg

Swedish interest rates are stuck below zero, the central bank owns nearly half the government’s bonds and excessive state saving has created a dysfunctional debt market, despite the need for investment across the country.

According to Hans Sterte, who oversees $90 billion as chief investment officer at pension giant Alecta, the most important corners of Swedish policy are deeply flawed. He’s lobbying for a major rethink in monetary and fiscal policy.