Fund Management

P+ awards big mandate to Danske Bank AM

P+ CIO Kåre Hahn Michelsen has handed his former colleagues at Danske Bank Asset Management a multi-billion kroner tailored mandate as part of the pension fund’s new sustainable product. Danske Bank AM CIO Thomas Otbo calls it a turning point for Danske, which couldn’t keep pace with its peers in growth terms last year.
Kåre Hahn Michelsen, CIO at pension fund P+, and Thomas Otbo, CIO at Danske Bank Asset Management. | Photo: PR
Kåre Hahn Michelsen, CIO at pension fund P+, and Thomas Otbo, CIO at Danske Bank Asset Management. | Photo: PR
by SØREN RATHLOU TOP

P+ has become the first occupational pension fund in Denmark to launch a sustainable product, P+ Bæredygtig, following in the footsteps of commercial pension companies like PFA, AP Pension and Velliv.

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