Cautious investment strategy gives P+ a return on the lower end of the spectrum
CIO Mikkel Svenstrup acknowledges that Danish pension fund P+ could have added more risks in 2019. At the same time, the decision to devalue the real estate portfolio because of property regulation laws has hurt returns.
Danish pension fund P+, which was formed after JØP and DIP merged, ended 2019 with a EUR 1.7 billion (DKK 13 billion) return, P+ reports in a press release.
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