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ATP CEO keeps cool head after EUR 25.5bn H1 loss

The reported loss is primarily due to technical reasons, says CEO of ATP Martin Præstegaard, who sees no reason to change the firm’s strategy.

CEO of ATP Martin Præstegaard | Photo: Gregers Tycho/ERH

Denmark’s ATP is not losing sight of its purpose, says CEO Martin Præstegaard, on the day the firm reported a DKK 190bn (EUR 25.5bn) loss in assets under management.

He says he has ”mixed feelings” about the report, but highlights that the loss is ”technical” in the sense that it would only be realized if ATP was forced to sell all of its bond holdings today.

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