AMWatch

Danish FSA issues five injunctions over PFA’s fast-growing alternatives portfolio

There is room for improvement in PFA’s work with alternative investments on several fronts, the national watchdog concluded after inspecting the pension giant’s alternatives portfolio, which has more than tripled in size over the past five years.

After the five injunctions from the Danish FSA, Kasper A. Lorenzen, CIO at PFA, says that he is convinced that PFA has a has "a good, solid setup for alternative investments". | Photo: PR/PFA

An inspection by the Danish FSA, Finanstilsynet, of PFA’s alternative investment unit has resulted in five injunctions and one official reprimand.

The inspection was conducted in March 2021 and focused on private equity, credit and infrastructure. As part of the inspection, the FSA picked out 11 alternative investments that were examined closely.

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