Denmark's pension funds are bulging with capital, holding around DKK 4 trillion (EUR 537 billion) in investment assets in all, but only a fraction of the money flows to venture funds and Danish growth companies. Their low level of investment in growth companies may decelerate the potential rate of growth and force these businesses to move abroad in pursuit of capital, according to financial daily Børsen.
"Numerous companies have moved abroad to attract capital, and in doing so, value creation in Denmark diminishes. The more Danish pension funds and institutional investors invest in venture funds and IT companies, the more favorable it is for the Danish economy," Niklas Zennström, founder of Skype, tells Børsen.
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