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AMWatchTuesday7 February 2023

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The Jera Capital Trio, Alexander Reventlow, Christen Estrup and Julien Marencic, left their desks at Nordea AM in the fall of 2021 to follow their dream of going independent. Photo/PR | Foto: Pr / Jera Capital

Secondary private equity trio “very bullish” in a market lacking capital

For newly established secondary private equity specialists at Jera Capital, the biggest challenge is to stay disciplined in a market full of discounts. Humbled by challenging market conditions, the former Nordea AM trio sees their fundraising aspirations so far unfulfilled.
  • Private markets trio with 50 years of combined experience takes on lifelong dream
  • Jera Capital has first closing on its evergreen fund

For subscribers

Mika Heikkilä, Olli Viitikko, Niko Fagernäs, Jonas Koivula and Viktor Lindell of Proprius Partners. | Foto: PR Proprius Partners
AMWatch

Former Taaleri and Aktia managers kick off new venture

A group of portfolio managers, with backgrounds at Taaleri and Aktia, has set up a new fund manager focusing on investing in small to mid caps and value thematics in Europe.

For subscribers

Foto: Brian Karmark
Fund Management

Sydbank bids head of Wealth Management adieu after less than a year

CEO Karen Frøsig is taking charge of the Danish bank’s wealth management division, operative for less than a year.

For subscribers

Danish company Seaborg Technologies is working to develop floating small modular reactors using radiative fuel dissolved in salt. | Foto: Katrine Hørup Noer
Pension

Danish pension sector opens to nuclear power investments

Atomic energy, now undergoing growth internationally, has piqued the interest of the Scandinavian nation’s institutional investors, reports media.

For subscribers

Did you read?

Secondary private equity trio “very bullish” in a market lacking capital

For newly established secondary private equity specialists at Jera Capital, the biggest challenge is to stay disciplined in a market full of discounts. Humbled by challenging market conditions, the former Nordea AM trio sees their fundraising aspirations so far unfulfilled.

For subscribers

Foto: Lucas Jackson/Reuters/Ritzau Scanpix
Fund Management

BlackRock US ESG flows fall on tech rout, anti-green backlash

Cash flows into US sustainable funds plummeted last year as the broader market took a beating and anti-ESG crusaders targeted money managers including BlackRock Inc. for “woke capitalism.”

For subscribers

Jens Munch Holst er adm. direktør i Akademikerpension. | Foto: Peter Hove Olesen
Pension

Weapons firm nominated to supply Danish military blacklisted by nation's investors

Many players in the country’s pension and investment sector have for years shunned doing business with an Israeli weapons manufacturer recently selected as supplier by the Danish military.

For subscribers

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Depicted is a Sweco Architects sketch of Herning+ | Foto: Årstiderne Arkitekter.
Pension

Pension fund gets green light to build 198 sustainability-labelled residencies

Danish pension company PKA’s head of real estate calls western Denmark’s Herning ”one of the most exciting provincial cities”. 
  • Denmark's Sampension invests in temporary refugee housing
  • Pension giant turns back on real estate and infrastructure, favoring bonds instead

For subscribers

Did you read?

Sydbank bids head of Wealth Management adieu after less than a year

CEO Karen Frøsig is taking charge of the Danish bank’s wealth management division, operative for less than a year.

For subscribers

Norway's Government Pension Fund Global CEO Nicolai Tangen presents the results for the fund in 2022, at a press conference in Oslo, Norway, on January 31, 2023. - Norways sovereign wealth fund, the worlds largest, said it recorded a loss of NOK 1, 637bn in 2022, citing volatile markets. | Foto: Heiko Junge/AFP/Ritzau Scanpix
AMNews

Oil fund remains optimistic about tech stocks

Despite the tech sector having provided the the oil fund’s biggest losses, there are reasons to be optimistic, Norway’s sovereign wealth fund believes. 

For subscribers

The Danish Financial Advisory attends to the financial regulation in Denmark. | Foto: Finanstilsynet - Pr
AMWatch

Danish FSA issues first injunctions to Article 9 funds

Unclear, inconsistent and insufficient information. Denmark’s FSA issues its first round of injunctions to managers of funds labeled sustainable for failure to comply with new EU requirements.

For subscribers

Chief Risk Officer of ATP Kim Kehlet Johansen | Foto: PR/ATP
Pension

ATP rejects new criticism of its investment model

The Danish state pension fund must undergo a complete transformation, conclude Copenhagen Business School professor Jesper Rangvid and associate professor Henrik Ramlau-Hansen in a new analysis.

For subscribers

Ukrainian refugees currently reside on the premises, but the property used to lay grounds to domestic company Haldor Topsøe. | Foto: PR
AMWatch

Denmark's Sampension invests in temporary refugee housing

Along with asset manager Kristensen Properties, Sampension acquires former domiciled property presently housing Ukrainian refugees. Extensive building improvements lie ahead.

Did you read?

Former Taaleri and Aktia managers kick off new venture

A group of portfolio managers, with backgrounds at Taaleri and Aktia, has set up a new fund manager focusing on investing in small to mid caps and value thematics in Europe.

For subscribers

Federal Reserve Chair Jerome Powell at a news conference in Washington, U.S., February 1, 2023. | Foto: Jonathan Ernst/Reuters/Ritzau Scanpix
AMWatch

Investors can fight the Fed all they want. Don’t fight the tape

Ignoring the Federal Reserve’s determination to keep raising rates and hold them there is a wildly profitable trade on Wall Street right now. It’s trying to swim against the rising market that carries risks.

For subscribers

Workers examine a waste-to-energy incinerator at a factory in Nantong, in China's eastern Jiangsu province on February 6, 2023. | Foto: AFP/Ritzau Scanpix
AMWatch

The year's emerging-market rally is already in danger of slowing

Cracks are appearing in Wall Street’s bullish case for emerging markets as hurdles — from Adani Group’s $108 billion rout to the Federal Reserve’s rate-hiking plans — prompt a more selective approach to investment.

For subscribers

Ilmarinen's Deputy CEO Mikko Mursula. | Foto: PR Ilmarinen.
AMNews

Ilmarinen changes benchmarks to become carbon neutral in 2035

The Finnish pension giant has been involved in developing MSCI’s new climate indices that include companies that are taking measurable steps to tackle their emissions.

For subscribers

Most read

  1. 1
    Secondary private equity trio “very bullish” in a market lacking capital
  2. 2
    Former Taaleri and Aktia managers kick off new venture
  3. 3
    Sydbank bids head of Wealth Management adieu after less than a year
  4. 4
    Danish FSA issues first injunctions to Article 9 funds
  5. 5
    Weapons firm nominated to supply Danish military blacklisted by nation's investors
Head of Nordea Asset & Wealth Management Storre Snorset. PR / NORDEA
Fund Management

Wholesale and institutional sales dampened Nordea’s AUM recovery in Q4  

While private banking provided net inflow in Q4, Nordea saw continuing outflows from wholesale distribution and institutional sales. Head of Nordea A&WM, Snorre Storset believes the outflow in 2022 will turn into inflow in 2023. 

For subscribers

Fredrik Nordström, CEO of the Swedish Investment Fund Association, believes that unclear EU regulation plays a significant role in the decisions of fund managers to reclassify their Article 9 funds. | Foto: Karl Gabor
Fund Management

AUM in Swedish Article 9 funds halved in Q4 – EU regulation partly to blame

The Swedish fund market saw many Article 9 investment funds reclassified during Q4. According to the Swedish Investment Fund Association, complex EU sustainability regulation may have played a significant role in such decisions.

For subscribers

Head of Danske Bank Asset Management Christian Heiberg says he is in a much better mood today than he was just six months ago. | Foto: Pr / Dbam
AMWatch

Danske's outflow continued in Q4 due to loss of flagship team

The departure of a highly regarded Emerging Markets Debt-team made Danske’s comeback in Q4 harder than expected. Head of Asset Management Christian Heiberg now says he underestimated the influence of the team.

For subscribers

Norway's Prime minister Jonas Gahr Støre. | Foto: Ints Kalnins/Reuters/Ritzau Scanpix
Fund Management

Norway set to tap its oil wealth to finance war aid for Ukraine

Norway plans to use its USD 1.3trn sovereign wealth fund to pay for a planned long-term aid program to Ukraine, Prime Minister Jonas Gahr Støre said.
Jeanette Fangel Løgstrup. Photo: Gregers Tycho/Ritzau Scanpix
AMWatch

Investors are skeptical of companies' sustainability storytelling: "It takes more than just a good story"

Companies’ ESG reporting needs more transparency and data, recent survey shows, and several sources support its conclusion.
  • Norway's oil fund will vote out board members from firms lacking climate goals
  • Backtracking on ESG classification erodes impact investing's credibility, veteran warns

For subscribers

Eivind Fliflet, Head of Environmental Initiatives in NBIM's ownership department Oljefondet. | Foto: Sebastian Holsen
Responsible Investing

Norway's oil fund will vote out board members from firms lacking climate goals

The Norwegian oil fund sees too many financial risks tied to firms that don’t want to follow the green transition – but if firms in the portfolio don’t find sustainable solutions, board members will be voted out.

For subscribers

Pia Kåll will become CapMan's new CEO in March 2023. | Foto: PR CapMan.
AMNews

CapMan promotes new leading duo from its own ranks to oversee ambitious growth plan

The Nordic private assets firm’s new strategy envisions a doubling of its assets under management in five years.

For subscribers

Foto: PR / Swedbank Robur
Fund Management

Swedbank Robur saw retail clients "de-risk" in turbulent 2022

Swedbank Robur’s Head of Business Strategy and Support attributes a significant part of the asset manager’s Q4 recovery to institutional clients. Some retail clients, on the other hand, decided to redeem in 2022.

For subscribers

Danske Bank Asset Mangement is located in Lyngby in the northern suburbs of Copenhagen. | Foto: Mogens Flindt
AMWatch

Danske is still lagging behind large Nordic peers in Q4

Denmark’s largest asset manager only recovered a small part of 2022’s AUM decline in Q4, and keeps lagging behind its Nordic peers, the bank’s year-end report reveals.

For subscribers

Foto: Pr/nordea
AMNews

Nordea increased AUM in Q4 aided by acquisition and improving markets

Net sales at the largest Nordic asset manager were negative in all segments but one, the Q4 report shows.

For subscribers

Peter Kjærgaard has spent more than 10 years at Nykredit, but is now leading the firm Formuepleje. | Foto: Pr/nykredit
AMNews

Nykredit profile to tidy up Formuepleje: "Ownership circle wanted changes"

He went from head of Wealth Management in Nykredit to CEO in Formuepleje. While industry players struggle in coming to terms with the job change, he himself views it as a natural step up, he says in an interview.

For subscribers

Foto: Marcus Emil Christensen/Ritzau Scanpix
Fund Management

Nordic startup scene hit by 36% pullback in venture funding

Venture capital funding to startups in the Nordic region slumped by more than a third last year as investors became more selective.

Latest news

  • Norway's wealth fund reports earning a full state budget in two months – 15:10
  • Nordnet appoints acting country manager – 14:49
  • Secondary private equity trio “very bullish” in a market lacking capital – 10:50
  • Sydbank bids head of Wealth Management adieu after less than a year – 09:45
  • Danish pension sector opens to nuclear power investments – 09:36
  • BlackRock US ESG flows fall on tech rout, anti-green backlash – 07:58
  • Former Taaleri and Aktia managers kick off new venture – 6 Feb
  • Pension fund gets green light to build 198 sustainability-labelled residencies – 6 Feb
  • Weapons firm nominated to supply Danish military blacklisted by nation's investors – 6 Feb
  • Oil fund remains optimistic about tech stocks – 6 Feb
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  • Flere firmakunder vælger Sampension
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  • War and energy crisis drove oil profits to record heights in 2022
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