Danish pension fund chief explains firing of veteran CIO
Denmark's EUR 9.5 billion pension fund PBU is firing its Chief Investment Officer Morten Schou, who has held the role since 2003. PBU's Chief Executive tells AMWatch why the CIO was ousted. He emphasizes that it had nothing to do with investment returns.
BY DAVID BENTOW AND ANNE LOUISE HOUMANN
Last week, Denmark's Pædagogernes Pensionskasse, or PBU, fired its Chief Investment Officer Morten Schou, who has held the position for the past 15 years.
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