GENDER BALANCE: It takes time to achieve gender balance "and it must take time. Promotions must be fair," says NBIM CEO Nicolai Tangen. | Photo: Synnøve Prytz Berset

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

The proportion of women at Norway’s oil fund is increasing and more women are staying, but the transition takes time.

For subscribers

CIO of AkademikerPension Anders Schelde, | Foto: Pr/mp Pension

Pension funds abandon dialogues with oil majors and divest shares

Engaging in a dialogue with climate-harming oil and gas companies does not help, says AkademikerPension, among others. PFA holds the opposite view.

For subscribers

Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Foto: Jan Bjarke Mindegaard

Fund Management

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Investors have increased their focus on biodiversity, though it is a complex area. Could some of the major Nordic investors become frontrunners of such complex problem-solving?

For subscribers

From left: The portfolio managers Joakim By, Christoffer Halldin and Simon Park who were all poached from Handelsbanken Fonder last year to take charge of Coeli's sustainable "Circulus" strategy. | Foto: PR/Coeli

Fund Management

Swedish asset manager kicks off new fund with leading Nordic institution

Demand from institutional investors has prompted Coeli to launch a new Article 9 fund focused on US-small cap companies.

For subscribers

Did you read?

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

In AMWatch’s comparison of the Nordic asset managers, we take a closer look at net flows and what the managers see as drivers behind them in Q2 and the first half of 2023.

For subscribers

Hanna Kaskela, senior vice president, sustainability & communications at Varma.

AMNews

More than one third of managers do not report ESG violations to Varma, despite shared values

In a fresh survey by Varma, only 62% of fund managers employed by the pensions giant say they would inform the company about violations of ESG principles.

For subscribers

Danes risk paying too much and getting too poor returns in Danish investment funds if the ratio between costs and returns is not evaluated by the board of directors, says the Danish FSA. | Foto: Thomas Borberg

Fund Management

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

The Danish FSA has investigated seven investment funds with unsatisfactory returns and/or high costs, and the authority now calls for better evaluation from the boards of mutual funds.

For subscribers

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Jobs

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Maria Storm Kristensen is the new chief technology officer at BankInvest. | Foto: PR

People

BankInvest to optimize investment processes with new hire

On Oct. 1, Maria Storm Kristensen will join Danish asset management and investment fund provider BankInvest as chief technology officer.

For subscribers

Did you read?

Wealthy Danske Bank customers are increasing investments in private equity funds

A Danske Bank fund providing wealthy customers and family offices access to a range of attractive private equity funds, has tripled in size in just a few years.

For subscribers

AMNews

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

The manager of Norway’s gigantic oil fund regularly meets with the biggest emitters in its portfolio, says its chief governance and compliance officer Carine Smith Ihenacho.

For subscribers

Olivier Van Eyseren, head of BlackRock’s financial institutions group in EMEA, and Jon Valdelin, head of Nordic institutional client business at BlackRock. | Foto: PR BlackRock.

AMNews

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Nearly 70% of Nordic respondents in BlackRock’s survey are looking to invest in clean energy infrastructure, says Jon Valdelin, head of institutional client business for Nordic Region at BlackRock.

For subscribers

Emine Isciel, head of climate and environment at Storebrand Asset Management. | Foto: PR / Storebrand

Responsible Investing

28 Nordic investors in new alliance to engage companies on nature risk

The investors have sent out letters to the 100 companies outlining their expectations of how the companies will mitigate nature-related risks. Four Nordic companies feature on the list.

For subscribers

Tiril Flørnes Støle will be responsible for Storebrand Vekst. | Photo: Storebrand

People

Storebrand growth fund gets new portfolio manager

Tiril Flørnes Støle becomes portfolio manager of one of Storebrand’s most popular growth funds, Storebrand Vekst.

For subscribers

Did you read?

Asset manager launches strategy to mitigate exposure to autocratic regimes

The strategy comprises of three Article 9 funds and is a ”ground-breaking solution to the investment risks attached to authoritarian regimes exposure,” says TOBAM’s deputy CEO, Christophe Roehri.

For subscribers

Sune Schackenfeldt is the CEO of PBU, which is now investing DKK 100m in female business owners, managers and employees in Southeast Asia. | Foto: PR/PBU

Pension

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Southeast Asian women with career ambitions are now eligible to benefit from investments from a Danish pension fund.

For subscribers

Investering & Tryghed is an independent fund manager based in Silkeborg, Denmark. | Foto: Thomas Borberg

People

Fund manager loses CIO to foundation

Danish fund manager Investering & Tryghed has commenced the hunt for a new CIO and plans to diversify its investments offerings going forward.

For subscribers

Antti Törmänen (l.) and Jussi Kallasvuo, general partners at Antler. | Foto: PR Antler.

AMWatch

Global venture capital firm to build pan-Nordic teams for future startups

With Finland as the latest addition to Antler’s Nordic cohort, the business incubator aims to invest in 15 companies emerging from its Finnish residency program, says general partner Antti Törmänen.

For subscribers

Folksam calls for more investor control of troubled real estate giant

Swedish pension company Folksam does not rule out increasing its investment in Heimstaden Bostad, but calls for a “simpler” shareholder agreement with the real estate giant.

For subscribers

Kati Eriksson will assume her new position at Aktia by the end of January 2024. | Foto: PR / Aalto University

AMNews

Aktia has found its new head of asset management at Danske Bank

After eight months with an interim head of Asset Management, Finland’s third-largest asset manager has made a permanent appointment.

For subscribers

Kristin Magnusson Bernard is the CEO of Första AP-fonden (AP1) which manages SEK 446bn. | Foto: PR/AP1

AMWatch

AP1: Swedish investors are responsible for weakened currency

Swedish investors’ increasingly large savings in global investment funds play a significant role in the weakening of the Swedish currency, the CEO of AP1, Kristin Magnusson Bernard, says.

Torben Möger Pedersen negotiated an exit package many years ago, which now means that he is taking DKK 29m (EUR 3.88m) with him as he leaves Danish pension fund PensionsDanmark. | Foto: Stine Bidstrup

Pension

Communications consultant: Möger will have a hard time restoring his damaged legacy

Torben Möger’s gilded resignation agreement with PensionDanmark casts a shadow over his legacy, according to a communications advisor specializing in reputation.

For subscribers

All sectors need to have climate strategies, Caroline Le Meaux of Amundi says. | Foto: Amundi / PR

Responsible Investing

Companies are more responsive when voted against, Amundi's engagement head says

Amundi is stepping up its climate engagement significantly. This takes time and effort, but it is the most efficient way to have an impact, Amundi’s leading ESG and engagement figure tells AMWatch.

For subscribers

Ari Huotari, CIO of Finland's Local government pension fund, Keva. | Foto: Keva PR.

AMNews

Keva to buy EUR 6.4bn of equities as part of risk increase

Finland’s local government pension fund, Keva, will take a sector neutral approach to expansion of its equity investments.

For subscribers

Alex Basman and Jamie Burns join as analysts, and Rob Lasner as chief operating officer and chief compliance officer. | Foto: PR / Capital Four

Fund Management

Capital Four in new hires for its New York office

The independent credit asset manager has made three hires to its US credit investment team.

For subscribers

Martin Mortensen, Senior Banker, Executive Director and country manager for J.P. Morgan Private Bank in Denmark. | Foto: Pr / Jp Morgan Private Bank

Fund Management

The world's most comprehensive wealth redistribution in history is on the horizon

The rules of the game are about to change for financial advisors as huge sums of money will change hands in the coming decades.

For subscribers

Pension

Significantly smaller exit packages to Möger Pedersen's peers

The Danish pension sector is saying goodbye to several CEOs in the coming months, but no one will receive as much severance pay as Torben Möger Pedersen of PensionDanmark.

For subscribers

Fund Management

Analysis: Will Nordic asset managers ever attract more female portfolio managers?

The number of female fund managers in the Nordic asset management industry is very low. And the progress is at a standstill. It collides with a Nordic value of gender diversity and professionalism.

For subscribers

At the end of H1 2023, Finland’s local government pension fund Keva managed assets totaling EUR 63.2bn. | Foto: PR Keva.

AMNews

Finnish pension giant is increasing risk "significantly" to grow returns

The EUR 63.2bn pension fund’s asset allocation is to change and will lead to a notable expansion of its listed equity portfolio.

For subscribers

Christian Kettel Thomsen, governor of the Danish central bank, | Foto: Jens Dresling/Ritzau Scanpix

Fund Management

Denmark's new green bond faces lower 'greenium'

The pricing advantage Denmark gets for selling green bonds is set to fall sharply this year, reflecting reduced appetite among foreign and domestic investors for ethical debt.

For subscribers

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

Did you read?

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

Sign up for our newsletter

Jobs

BankInvest to optimize investment processes with new hire

Did you read?

Wealthy Danske Bank customers are increasing investments in private equity funds

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Did you read?

Asset manager launches strategy to mitigate exposure to autocratic regimes

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Fund manager loses CIO to foundation

Global venture capital firm to build pan-Nordic teams for future startups

Most read

Folksam calls for more investor control of troubled real estate giant

Aktia has found its new head of asset management at Danske Bank

AP1: Swedish investors are responsible for weakened currency

Communications consultant: Möger will have a hard time restoring his damaged legacy

Companies are more responsive when voted against, Amundi's engagement head says

Keva to buy EUR 6.4bn of equities as part of risk increase

Capital Four in new hires for its New York office

The world's most comprehensive wealth redistribution in history is on the horizon

Significantly smaller exit packages to Möger Pedersen's peers

Analysis: Will Nordic asset managers ever attract more female portfolio managers?

Finnish pension giant is increasing risk "significantly" to grow returns

Denmark's new green bond faces lower 'greenium'