A part of Watch Media

AMWatchTuesday7 February 2023

  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
05/01/2023at 14:37

Danish pension giants: The worst is yet to come – but 2023 will end on positive note

Before financial markets spot light at the end of the tunnel, they must first pass through darkness, say Denmark’s biggest pensions firms, PFA and Danica Pension, and AP Pension agrees.
”In 2023, we’ll have to weather something that looks like a recession. And we’ll have to enter it before we can see the other side," says Kasper Lorenzen, chief investment officer at PFA Pension | Photo: PR / PFA
”In 2023, we’ll have to weather something that looks like a recession. And we’ll have to enter it before we can see the other side," says Kasper Lorenzen, chief investment officer at PFA Pension | Photo: PR / PFA
Finans
by KRISTOFFER BRAHM, translated by daniel pedersen

There’s good and bad news for Denmark’s investors as they get situated in the new year. The bad is that the worst is yet to come, say Denmark’s biggest pension firms, PFA Pension and Danica Pension, and the relatively smaller AP Pension.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters

Get full access for you and your coworkers

Start a free company trial today

Related articles:

  • Jesper Berg, director general of the Danish Financial Supervisory Authority | Photo: Jan Bjarke Mindegaard / Watch Medier

    FSA boss urges important decisions to secure the future of Danish pension system

    For subscribers

  • Snow canoons start working in ski resort, Skicentrum in Destne v Orlickych horach, Czech Republic, November 19, 2022. | Photo: David Tanecek/AP/Ritzau Scanpix

    Four key questions to ask about climate Investment in 2023

    For subscribers

  • Photo: Zz/AP/Ritzau Scanpix

    This contrarian stock market signal is losing predictive power

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

The Jera Capital Trio, Alexander Reventlow, Christen Estrup and Julien Marencic, left their desks at Nordea AM in the fall of 2021 to follow their dream of going independent. Photo/PR | Foto: Pr / Jera Capital
Fund Management

Secondary private equity trio “very bullish” in a market lacking capital

For newly established secondary private equity specialists at Jera Capital, the biggest challenge is to stay disciplined in a market full of discounts. Humbled by challenging market conditions, the former Nordea AM trio sees their fundraising aspirations so far unfulfilled.
  • Private markets trio with 50 years of combined experience takes on lifelong dream
  • Jera Capital has first closing on its evergreen fund

For subscribers

Mika Heikkilä, Olli Viitikko, Niko Fagernäs, Jonas Koivula and Viktor Lindell of Proprius Partners. | Foto: PR Proprius Partners
AMWatch

Former Taaleri and Aktia managers kick off new venture

For subscribers

Foto: Brian Karmark
Fund Management

Sydbank bids head of Wealth Management adieu after less than a year

For subscribers

Danish company Seaborg Technologies is working to develop floating small modular reactors using radiative fuel dissolved in salt. | Foto: Katrine Hørup Noer
Pension

Danish pension sector opens to nuclear power investments

For subscribers

Foto: Lucas Jackson/Reuters/Ritzau Scanpix
Fund Management

BlackRock US ESG flows fall on tech rout, anti-green backlash

For subscribers

Jens Munch Holst er adm. direktør i Akademikerpension. | Foto: Peter Hove Olesen
Pension

Weapons firm nominated to supply Danish military blacklisted by nation's investors

For subscribers

Further reading

The Jera Capital Trio, Alexander Reventlow, Christen Estrup and Julien Marencic, left their desks at Nordea AM in the fall of 2021 to follow their dream of going independent. Photo/PR | Foto: Pr / Jera Capital
Fund Management

Secondary private equity trio “very bullish” in a market lacking capital

For newly established secondary private equity specialists at Jera Capital, the biggest challenge is to stay disciplined in a market full of discounts. Humbled by challenging market conditions, the former Nordea AM trio sees their fundraising aspirations so far unfulfilled.

For subscribers

Foto: Paulo Whitaker/Reuters/Ritzau Scanpix
AMWatch

Satisfactory dividends embellish bleak investment year

Despite 2022’s dividends on investment certificates plummeting against the year prior, such yields still enhance financial results of many investors.
PFA Chief Investment Officer Kasper A. Lorenzen says returns from alternatives must be calculated correctly to avoid value redistribution between customers. | Foto: PR / PFA
Pension

PFA writes down valuations on alternatives

Denmark’s largest pension company has opted to write down valuations on alternatives to avoid value redistribution between customers, CIO Kasper A. Lorenzen explains.

For subscribers

Jobs

  • Porteføljemanager til danske ejendomme i PenSam

See all jobs

Latest news

  • Norway's wealth fund reports earning a full state budget in two months – 15:10
  • Nordnet appoints acting country manager – 14:49
  • Secondary private equity trio “very bullish” in a market lacking capital – 10:50
  • Sydbank bids head of Wealth Management adieu after less than a year – 09:45
  • Danish pension sector opens to nuclear power investments – 09:36
  • BlackRock US ESG flows fall on tech rout, anti-green backlash – 07:58
  • Former Taaleri and Aktia managers kick off new venture – 6 Feb
  • Pension fund gets green light to build 198 sustainability-labelled residencies – 6 Feb
  • Weapons firm nominated to supply Danish military blacklisted by nation's investors – 6 Feb
  • Oil fund remains optimistic about tech stocks – 6 Feb
See all

Jobs

  • Porteføljemanager til danske ejendomme i PenSam

See all jobs

Watch Jobs

  • Centerdirektør til Sønderborg

  • Scrum Master with a practical approach

  • Business Intelligence Specialist

  • Business Analyst

  • Director - Analytical Development, CMC small molecules

See all jobs

Colophon

AMWatch
Search

Sections

  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Sitemap
  • RSS feeds

Editor

Anne Louise Houmann

alh@amwatch.dk

Tel.: +45 2830 5142

  • About AMWatch

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7491

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7491

Jobs

Subscription

Try AMWatch or get an offer for a subscription meeting the exact needs of you or your company.

amwatch@infowatch.dk

Tel.: +45 7077 7491

Learn more about subscriptions here

Address

AMWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8382

Guidelines

  • Privacy Policy

Copyright © AMWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
AMWatch

Google ChromeMozilla FirefoxMicrosoft Edge