Denmark’s fifth-largest pension company is focusing on the development of entire urban areas, and that gives them the freedom to choose what they invest in, says senior vice president Marius Møller.
Some alternative asset classes followed the downturn in listed equities and bonds in the first quarter, while others came through the period with positive returns. Christoph Junge, Head of Alternatives at Velliv, provides a detailed overview in this column.
BankInvest hopes to repeat its success by launching another alternative fund for private investors. The new fund is basically a copy-paste of its first property investment fund made in collaboration with PFA, but this time with a different Danish pension firm.
The Danish pension fund has set aside DKK 5bn (EUR 670m) for ESG investments, and will focus on co-ownerships, says the CIO.
Velliv has been lagging behind its competitors on the green transition, but is now setting aside DKK 5bn (EUR 670m) for investments in green Danish firms.
AP7’s equity and fixed income funds are the biggest on the Swedish market. Removing them leaves just 9% for the others on the top ten list - but that 9% is dominated by one major bank, Morningstar figures show.
A new active ownership policy is being developed at Lærernes Pension, says the CIO, and the final version will be approved by the board in June.
A law professor and lecturer in company leadership has accused Lærernes Pension of diverging from the shareholder rights directive that became Danish law in 2019.
The German insurer will pay USD 6bn in a fraud suit in the US.
AIP Management, which is owned by one Norwegian and four Danish pension companies, has made an investment in a company that owns 115 electric trains.
Pension funds in Denmark have been indirectly exposed to the current crypto downturn through investments in companies that use these currencies to conduct business.
As the Danish, German, Dutch and Belgian governments plan to significantly increase offshore wind projects in the North Sea, PKA CEO Jon Johnsen is ready for the Danish pension fund to do its part.
Market turmoil has hit KLP hard, but the group was well-prepared for the downturn.
A proposal to limit the extent to which state pension fund ATP can collaborate with external, private investors has divided Danish politicians, with the government and its supporting parties against the plan.
The previous head of institutional clients in Sweden is taking a step back but will remain at the organization. Anna Jönsson, who has been at the firm for five years, is stepping into his role.
The Danish defense industry has encouraged pension funds in the country to look more positively at investments in weapons. ”We would like it to be considered ordinary societal responsibility,” says an industry leader.
The CIO of Ilmarinen expects Finland’s potential Nato membership to reduce risk premiums, and his counterpart at Veritas believes it will have a positive effect on Finland as an investment target.
Velliv is dropping its external real estate manager and is creating its own asset management department as part of a ”strategic development,” says the head of real estate at the firm.
Lærernes Pension is facing criticism for going too far in its policy on responsible investments, and for the list of excluded companies, 658 in total, to be too long.
The asset manager has poached profiles from BlackRock and Nykredit to accelerate growth across several business segments. Head of Nordics and Benelux Christoffer Hedberg believes his new team is set up for something big.
While returns were not poor compared to the general market development, it’s a far cry from last year’s levels. But AUM drops were fairly muted, with Folksam faring the best overall.
Danish pension company P+ wants more real estate investments outside of its home territory in order to spread risk. It currently has DKK 7bn (EUR 940m) invested in real estate assets outside Denmark.
The Danish pension firm has collaborated with a French asset manager to complete another international acquisition in the form of a housing project totaling 85 flats for seniors.
Danish pension provider P+, which caters to academics, has cleaned up its portfolio and parted from companies including BP and Equinor.
Both Ilmarinen and Varma recorded a negative result for the first quarter of the year. Ilmarinen’s CEO highlights that it is increasingly important to be prepared for extraordinary situations, while Varma’s CIO predicts that the rest of 2022 will not look rosy for investors.
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