Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.
Money market players in the Nordic nation now see price increases according to the Riksbank’s target measure, CPIF, at 2.3% five years from now, down from 2.5% in July, according to a closely watched survey commissioned by the Riksbank.
Nordic pension funds are among the investors in the first private equity fund focusing on the green transition launched by HitecVision, which has been focusing on the offshore energy industry for more than 30 years.
The mutual fund company of Denmark’s third largest bank was the subject of widespread criticism when it was revealed that its sustainable equity fund contained coal, oil and gas companies. Now, the firm is changing its communication strategy -- but not its practices.
In 2018, Dane Mads Pedersen established his own asset management company using his knowledge from his career in roles as head of asset allocation at some of Europe’s biggest investment firms. The company has recently won several new mandates, although the first half year proved difficult for the firm.
Although a July rally in risky assets paved the way for a rebound when it comes to pension returns in Denmark, the gains are not enough to compensate from losses sustained at the first half of the year.
PensionDanmark is set to invest in green ferries that run between small Danish islands. To CEO Torben Möger Pedersen, the venture is a floating Public-Private Partnership that fits into the EUR 43bn pension fund’s ambitions to solve societal challenges.
HSBC Asset Management makes two appointments for its businesses in the Nordics and Middle East and Africa. The Nordic hire is a familiar figure in the region and has over 20 years’ experience with institutional clients at J.P. Morgan AM.
Summa Equity is opening its second office outside the Nordics in 2022. The private equity investor recently raised USD 2.3bn for its third fund which invests in companies that seek to solve major challenges.
The draft bill for a new investment mandate and sustainability rules has been approved by the Swedish government and the pension fund giant will be able to invest more in illiquid assets starting next year.