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Finance professor criticizes ATP's huge investment loss

Denmark’s biggest pension fund booked an investment return of -36% in H1, which is ”really, really awful,” according to Copenhagen Business School Professor Jesper Rangvid.

Et negativt investeringsresultat på over 36 pct. er et udtryk for en alt for risikabel investeringsmodel i ATP, mener CBS-professor, Jesper Rangvid. | Photo: Stine Bidstrup/ERH

”So, so crazy,” says Jesper Rangvid, professor of Finance at the Copenhagen Business School (CBS), when asked for his opinion on the Danish national pension fund ATP’s investment result for the first half of 2022.

In the first six months of the year, the company’s investment portfolio generated a loss before costs and taxes of DKK 57.6bn (EUR 7.7bn), which after costs equates to a -36.4% return compared to the bonus potential.

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