Industriens Pension boosts strategic alts allocation - but some managers will get the boot

Industriens Pension updates its strategic asset allocation effective from early 2021. CIO Peter Lindegaard comments on his first year in charge of more than 400,000 members' retirement savings, explaining how some of the fund's external managers will not be looking at extended mandates any time soon.

"Without a doubt, my first year as CIO has been dramatic and has had some completely unprecedented event," says Industriens Pension Chief Investment Officer Peter Lindegaard | Photo: PR / Industriens Pension
BY

When Peter Lindegaard was promoted as Industriens Pension's Chief Investment Officer in November 2019, the experienced financer could hardly have anticipated what Mr. Market had in store for him.

During the beginning of his tenure, global growth was stable and equity markets were climbing towards all-time heights while bond yields were low. This development, however, was abruptly replaced by recession, plummeting equity markets a lower for longer outlook for bond yields.

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