P+ CIO cleans up the portfolio, aiming to reduce costs

Since Kåre Hahn Michelsen took over as CIO at P+, he has completed some changes to external mandates at the EUR 20bn Danish pension fund.
Kåre Hahn Michelsen, CIO at P+. | Photo: PR/P+
Kåre Hahn Michelsen, CIO at P+. | Photo: PR/P+

This March, it will be two years since Kåre Hahn Michelsen stepped into the office of pension fund P+ as its new chief investment officer. The next day, Denmark closed down, and Michelsen and his new team had to steer investments from their home offices.

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