Summer rally helped pension funds claw back some of their negative returns

Although a July rally in risky assets paved the way for a rebound when it comes to pension returns in Denmark, the gains are not enough to compensate from losses sustained at the first half of the year.
(left-right) Charlotte Strunk Hansen, head of risk at Veliv, Peter Lindegaard, CIO at Industriens Pension Sune Schackenfeldt, PBU CEO at and Nikolaj Holdt Mikkelsen, independent investment advisor | Photo: PR / Velliv, PBU, Industriens Pension,
(left-right) Charlotte Strunk Hansen, head of risk at Veliv, Peter Lindegaard, CIO at Industriens Pension Sune Schackenfeldt, PBU CEO at and Nikolaj Holdt Mikkelsen, independent investment advisor | Photo: PR / Velliv, PBU, Industriens Pension,
by dorthe bach, translated by catherine brett

After a cold winter and turbulent spring, the financial markets were more forgiving for pension savers in July.

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