After a historically strong 2021, some of Denmark’s most powerful funds have record capital at their disposal.
This success has been primarily driven by fantastic years for some of the country’s most prominent companies, including Novo Nordisk, A.P. Møller-Mærsk and Lego. This also means that the vast majorities of the funds’ resources are tied to shares in these companies.
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After decades of relatively stable inflation, young finance professionals may not be afraid enough of the current market situation, says Nobel prize winner and author Daniel Kahneman. Two Danish investment professionals at global asset managers tell AMWatch how they are navigating the current environment.
Lars Seier Christensen, the co-founder of Saxo Bank, lost on a short bet in 2021, leaving him with a substantial deficit. He has a big chunk of his private wealth invested in cryptocurrencies and blockchain technology and says the accounts do not reflect the true developments, but expects a tough 2022.