Finance professor's response to ATP following public discussion: You should've followed experts' advice in 2014

Copenhagen Business School Finance Professor Jesper Rangvid considers it a pity that five years ago Danish pension fund ATP did not embrace changes to its business model that directs majority of payments to a hedging portfolio. While ATP Chief Executive Officer Bo Foged has announced to be pleased with the fund's interest hedging – and relieved not to have followed experts' advice – Danish savers and ATP could have benefited from more freedom to invest, Rangvid claims.

Photo: Stine Bidstrup/ERH

ATP's business model has been a hot topic for years and once again, Copenhagen Business School (CBS) Finance Professor Jesper Rangvid raises a critical voice.

Last week, ATP published its quarterly report and CEO Bo Foged clearly stated to AMWatch's sister media FinansWatch that the fund was pleased with its hedging portfolio and for having held on to this part of its business model "even when experts adviced us to remove the interest rate hedges in 2014."

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