In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.
Swedish asset management advisor House of Reach is taking its business model outside of the Nordics.
Nykredit has lost its head of Wealth Management, Denmark’s second-largest asset manager announces. During his rein, assets under management almost quadrupled.
British/Dutch Cardano Actiam has created a new commercial organization with strong ties to the Nordic region, where the advisory and asset manager will increase its focus going forward.
The financial system is in ”critical” condition, say the CIOs of PFA and Danica, who think the market needs to stabilize.
The financial house isn’t afraid to strike if good acquisition candidates turn up outside of its home market, but won’t be venturing too far from Sweden, its CEO tells AMWatch.
CEO of AP Pension Bo Normann Rasmussen does not rule out more staff cuts as prognoses for the economy as a whole and the pension fund’s profit continue to disappoint.
The country’s largest pension companies hold limited British government debt, but the UK market turbulence and big rate hikes hit indirectly. It’s a serious situation ”reminiscent of the financial crisis”, says CIO.
Akademikerpension is preparing to release data on the climate and social responsibility from its holding of its unlisted investments.
Think tank InfluenceMap has analyzed the 25 largest European pension funds, of which 12 are Nordic. The conclusion is that they are not engaging actively in sustainable finance policy at EU level. ”The findings point to a potential ’blind spot’,” the think tank says.
After a tender round, LD Pensions has decided to extend its management and depositary arrangements with Nykredit and JP Morgan, respectively.
Akademikerpension wants to expand its real estate portfolio again after divesting the majority of these assets since the financial crisis.
Sweden’s second-biggest pension fund is concerned that many investors are flocking to exclusion rather than engaging.
Danish commercial pension fund AP Pension has committed to a 37% reduction in carbon emissions from its equity and credit bond investments by 2025, based on 2019 levels. That is the biggest short-term reduction goal among Danish commercial pension firms.
KLP is divesting two private prison and detention center managers out of concern that ”human rights breaches will continue,” says the head of responsible investments at the firm.
The pension fund has received an official reprimand from the Danish FSA, Finanstilsynet, due to past insufficient risk management within unlisted assets.
Denmark’s largest commercial pension fund, PFA, is in a good position to take riskier steps when investing in the renewable energy build-out, says CIO Kasper A. Lorenzen.
The financial house has asked for two funds to be removed from the premium pension system fund platform, ten years after they were initially introduced.
Denmark’s largest commercial pension fund, PFA, is in a good position to take riskier steps when investing in the renewable energy build-out, says CIO Kasper A. Lorenzen.
The career of AP Pension’s new chief commercial officer started with drive for economic independence. Once that was secured, she sought to challenge herself and make a difference – and the rest is history.
Increasing energy prices, reflected in oil company earnings, are not enough to make investors reopen their treasure troves for fossil companies, says pension provider PenSam. ”It’s a sector with problems,” states ESG head.
At the start of 2022, expected returns on a 60/40 portfolio were historically low -- and if you think that the recent turmoil has improved this outlook significantly, think again. According to AQR Principal and award-winning finance writer Antti Ilmanen, Nordic investors could be in for an unpleasant surprise.
President & CEO of Finnish pensions giant Varma Risto Murto comments on the potential future for Uniper, which is on the brink of bankruptcy.
The first six months of the year ended in an AUM drop for LD Pensions’ two funds, but the new CEO says increasing interest rates could pay off in the long term.
Sampension states that it has reduced the CO2 emissions of its listed equity and corporate bond portfolios by 14% during the first half of 2022. At the end of the year, the pension fund expects to be able to reveal its total carbon emissions.
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