Invest in growth firms or lose them, Danish pension funds warned
Pension funds should focus on venture funds and potential growth companies in their future investments. If they don't, the next major Danish growth success may move abroad in pursuit of venture capital, Skype's founder cautions.
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.
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