Protesters in Frankfurt, Germany, demonstrate against alleged EU greenwashing. | Foto: Arne Dedert/AP/Ritzau Scanpix

EU reports identify numerous ways of misleading ESG investors

An airport calling itself ”green” because of solar panels on its roof is an example of misleading sustainability information, a new report by the EU’s financial markets watchdog states.

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Carine Smith Ihenacho is Chief Governance and Compliance Officer at NBIM. | Foto: PR/NBIM

Oil fund seeks to take lead in lawsuit against SVB

Rasmus Cederholm has been CIO of AP Pension since May 2021. | Foto: PR

Challenged Danish manager poaches pension fund CIO

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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

Analysis: Will the confusion about EU regulation harm sustainable investments?

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Large-scale coal operations are the reason why six Chinese companies, and one Indian, have been added to the AP7 investment blacklist. | Foto: Sam Mcneil/AP/Ritzau Scanpix

Swedish state pension fund adds seven coal polluters to blacklist

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Claus Johansen has been a healthcare stockpicker at Danske Bank for more than 19 years. | Foto: Private

Change of plans - former Danske Bank stock picker to launch health care fund of his own

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Swedish company comes in from cold as investors return to defense
One of the players reconsidering its defense investments is Swedbank Robur, Sweden’s largest fund manager.
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Radio host quits job at national broadcaster to dodge mandatory pensions scheme
”It’s not activism, it’s common sense,” says the radio host who no longer wants to have her savings invested by Denmark’s largest corporate pension provider.
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Turmoil on financial markets makes ATP decrease its risk exposure
The financial turbulence has made ATP take some of the risk out of its portfolio, Group CEO Martin Præstegaard says. But the pension fund is a long-term investor, he points out.
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Nordea AM excludes chemicals giant on biodiversity grounds
US chemical company DuPont is liable for legacy PFAS pollution and has therefore been placed on Nordea AM’s exclusion list along with several other companies, the Nordic asset manager says.
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BankInvest CEO sees tailwinds on institutional sales
Return performance is behind increased interest from institutional investors, says BankInvest CEO Lars Bo Bertram. Net flows were negative in Q1, but BankInvest maintained its retail market share.
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Sampension criticized for lack of transparency
Around 10% of the pension fund’s total investments are undisclosed, according to Danish news outlet Danwatch. Sampension says that no ”black investments” are hidden in the portfolio.
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The fight for the wealthiest bank customers is all about relations
When private banking customers enter the fold, the match between advisor and customer is paramount, as it improves relations. If customers feel important, they do more business, scientist says.
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Hedge fund of Danish entrepreneur has lost 42% since inception
Hedge fund Atlas Global Macro was initiated by the Danish investor and entrepreneur, Lars Tvede, two years ago.
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Leaving AP7: “I did not imagine that we would reach a trillion”
After being part of the Swedish default pension fund’s top management for 23 years, Richard Gröttheim is leaving his job as CEO on 31 May. AMWatch met him for a farewell interview.
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Pension investor to take hard line on corporate taxes
Many companies will have to prepare, says PKA’s CEO, as the Danish pension fund is about to accelerate the monitoring of corporate tax payments with a new tool from EY.
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AMWatch closed on Monday, May 29
There will be no AMWatch newsletter on Monday, May 29. The media is closed due to a public holiday.
EU to crack down on "finfluencers"
Financial companies must be held responsible if hired influencers do not disclose the risk tied to investments, and violations should lead to fines or license suspension, says the EU Commission.
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KLP: Nordic investor's share of active funds is irrational
Nordic investors have way too much money allocated to actively managed funds that are too expensive and inefficient, the CEO at KLP Kapitalforvaltning says in an interview with AMWatch.
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Alternative fund manager reported to the police
Fund manager The Many has grossly violated the law and made use of, as well as marketed, an investment strategy that is outside of the manager’s authorization, says the FSA.
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Storebrand AM experiences tough competition but tops net sales in Norway
The asset manager has taken the largest share of the net inflow to the Norwegian fund market this year. In terms of flow, DNB is by far the largest domestic player.
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Head of Nordnet in Norway quits
Nordnet will now have to look for a new country manager for Norway.
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Former longstanding SEB country head becomes chairman of asset manager
After exiting his position at SEB, Peter Høltermand has built up a large portfolio of chairmanships which is now expanding further.
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S-Bank to buy Handelsbanken’s AM operations in Finland
The sale of Handelsbanken asset management operations will boost S-Bank’s role in the Finnish market, where it’s currently the tenth-largest fund manager in terms of AUM.
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Oil fund employee receives notice of termination prior to trial verdict
Elisabeth Bull Daae is banned from Norges Bank’s IT systems and is accused of unfounded allegations against colleagues.
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Finnish pension giant revamps the role of responsible investment
From June on, Varma’s director of responsible investment will also take over leadership of the company’s communications.
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