Danica proposes shared industry codex for alternative investment valuations

Danske Bank's pensions arm wants a central model for how to set prices on unlisted assets to be made.
Danica CIO Poul Kobberup | Photo: PR/ Danica
Danica CIO Poul Kobberup | Photo: PR/ Danica

Today, there is a big difference in how Danish pension companies value their alternative investments - but it is about time that a central model was developed for the industry, says Danica's CIO Poul Kobberup to InsideBusiness.

"The Danish FSA has asked us all to make sure we are categorizing and pricing alternative investments correctly. I therefore think that everyone would benefit from the development of a central industry valuation codex. It could happen within Forsikring & Pension, and you could start by looking at the pricing of private equity funds and infrastructure funds, for example, as it is here that the biggest differences in method are typically found," Kobberup says to the media.

He is backed up by several others in the industry, though chief consultant at Forsikring & Pension (Insurance & Pensions, -ed.) Henrik Munck does not see the need for change.

English Edit: Catherine Brett

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