Danica saves over EUR 50m by bringing more equities in house

Danica has analyzed manager returns, and the conclusion is clear: internal managers have done better. The pension firm wants to reduce costs and improve returns, says Danica’s new CEO, Mads Kaagaard.

CEO Mads Kaagaard joined Danica in November. | Photo: Brian Karmark

by CLAUS IVERSEN and KRISTOFFER BRAHM

Danica Pension has said goodbye to a large number of external investment managers and has cut costs by DKK 400m (EUR 53.6m), says the company’s new CEO, who has reviewed the pension firm’s investment strategy after taking the helm on November 1 last year.

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Danica saves over EUR 50m by bringing more equities in house

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Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Oil Fund to publish shareholder votes live on Bloomberg

Carnegie is skeptical about Storebrand's increased stake in AIP

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

World's best EMD team still waiting for clients to return to Danske AM

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Storeband increases stake in Danish infrastructure manager to become majority owner

The list of money managers axing oil stocks just got longer

Eight Nordic managers move up in global top 500 ranking