Norway's wealth fund reports earning a full state budget in two months
Only 32 days after exceeding NOK 13trn, Norway’s sovereign wealth fund has passed a new milestone.
Nordnet appoints acting country manager
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Danish pension sector opens to nuclear power investments
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BlackRock US ESG flows fall on tech rout, anti-green backlash
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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
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”.For subscribers
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
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 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
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
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
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.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
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
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
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
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.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.For subscribers
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
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
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 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
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
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.
