PFA reaps billion-kroner return on logistics, makes further investments in Juttish hub

Danish pension fund PFA has made DKK 2.5bn (EUR 336m) on its logistics investments over the past ten years, and is now making a significant expansion to a project in Jutland.

Michael Bruhn, head of real estate at PFA | Photo: Jan Mindegaard / Watch Medier

by emil birkeland klintorp, translated by catherine brett

Over the past ten years, PFA’s logistics investments have generated 15.5% returns, equating to DKK 2.5bn (EUR 336m).

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Danish FSA issues five injunctions over PFA’s fast-growing alternatives portfolio
For subscribers
Pension fund issued with injunctions over private equity investments
For subscribers
Higher electricity prices boost pension revenues
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

At the end of H1 2023, Finland’s local government pension fund Keva managed assets totaling EUR 63.2bn. | Photo: PR Keva.

AMNews

Finnish pension giant is increasing risk "significantly" to grow returns

The EUR 63.2bn pension fund’s asset allocation is to change and will lead to a notable expansion of its listed equity portfolio.

For subscribers

Biodiversity is a major focus area for many pension funds. Flower fields, like the one shown here near Danish town Haslev in Denmark can create more biodiversity, wild nature and allow bees, insects and butterflies to feed. | Foto: Finn Frandsen/Ritzau Scanpix

Responsible Investing

AkademikerPension increases focus on biodiversity

For subscribers

Foto: Brendan Mcdermid/Reuters/Ritzau Scanpix

Fund Management

Goldman raises USD 14bn for private equity secondaries fund

For subscribers

Foto: David Goldman/AP/Ritzau Scanpix, Jens Dresling, Lars Hansen/Ritzau Scanpix, Thomas Borberg.

AMNews

Only one Nordic fund market increased its AUM in August

For subscribers

CEO Peder Hasslev is unimpressed with Alecta's investment in Heimstaden Bostad. | Foto: PR / Alecta

Pension

Alecta’s CEO rejects controversial Heimstaden investment

For subscribers

Pension

Global equities are boosting Danish pension funds

For subscribers

Operational landscape increases popularity of private credit, Finnish manager says
A thoroughly diversified alternative credit fund is benefiting from the new operating environment, says Tero Pesonen, director for private equity and private credit at LocalTapiola.
For subscribers
AMF appoints new manager for Swedish equities
The new manager for Swedish equities has previously worked for three Nordic banks.
For subscribers
Swedish FSA reprimands troubled pension giant
Swedish government body believes that pension firm Alecta failed to properly report its calculations of markets risks in connection with its Heimstaden investment, Svenska Dagbladet reports.
For subscribers
EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"
The Nordic responsible investors should think twice before underweighting emerging market stocks, Tim Love, investment director at Swiss asset manager GAM says in an interview with AMWatch.
For subscribers
Critics lambast Alecta for secrecy and "incompetence" in major real estate investment
The Swedish pension firm’s investment strategy in Heimstaden Bostad has been built on a risky high leverage ratio. The more money the real estate company borrowed, the higher the returns for Alecta.
For subscribers
Asset managers rebuffed as EU cracks down on use of ‘ESG’
Asset management giants criticize EU plans to restrict the use of ”ESG” and ”sustainability” in fund names, but the proposal will not be abandoned, EU watchdog says.
For subscribers

Alecta’s CEO rejects controversial Heimstaden investment

The Swedish pension giant’s new CEO understands if Alecta’s customers are angry with the much criticized investment in Heimstaden Bostad, he says in a newspaper interview.

For subscribers

Viktor Ström will join Fondtorgsnämnden on October 1st. | Foto: Fondtorgsnämnden / PR

Pension

Swedish agency's new comms head will engage with fund managers

Fondtorgsnämnden (FTN) hires former financial journalist to be in charge of its communications. The agency is busy with the first procurement for its fund platform.

For subscribers

AMNews

Only one Nordic fund market increased its AUM in August

While the Norwegian and Finnish investment fund markets continued to see positive net flows in August, Swedish and Danish markets saw outflows.

For subscribers

A Swedish daily is reporting on a heated email exchange between government watchdog Finansinspektionen and Alecta. | Foto: Finansinspektionen

Pension

Swedish FSA reprimands troubled pension giant

Swedish government body believes that pension firm Alecta failed to properly report its calculations of markets risks in connection with its Heimstaden investment, Svenska Dagbladet reports.

For subscribers

Tim Love has been managing GAM Investment's Emerging Market equity strategy since 2012. | Foto: PR/GAM

Fund Management

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

The Nordic responsible investors should think twice before underweighting emerging market stocks, Tim Love, investment director at Swiss asset manager GAM says in an interview with AMWatch.

For subscribers

Kaja Kallas, prime minister of Estonia (l.), Mette Fredriksen, prime minister of Denmark and Petr Fiala, prime minister of the Czech Republic at the signing ceremony of the NATO Innovation Fund Letter of Commitment during the NATO summit in Madrid, June 2022. | Foto: PR / NATO.

AMWatch

NATO's fund is in discussions with several Finnish investment funds, founder says

NATO Innovation Fund will invest in start-ups located in 23 participating allied nations, as well as indirect investments into deep tech funds with a trans-Atlantic impact.

For subscribers

Jobs

See all jobs

PFA reaps billion-kroner return on logistics, makes further investments in Juttish hub

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles:

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

Pension fund issued with injunctions over private equity investments

Higher electricity prices boost pension revenues

Sign up for our newsletter

Front page now

Finnish pension giant is increasing risk "significantly" to grow returns

AkademikerPension increases focus on biodiversity

Goldman raises USD 14bn for private equity secondaries fund

Only one Nordic fund market increased its AUM in August

Alecta’s CEO rejects controversial Heimstaden investment

Global equities are boosting Danish pension funds

Operational landscape increases popularity of private credit, Finnish manager says

AMF appoints new manager for Swedish equities

Swedish FSA reprimands troubled pension giant

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

Critics lambast Alecta for secrecy and "incompetence" in major real estate investment

Asset managers rebuffed as EU cracks down on use of ‘ESG’

Further reading

Alecta’s CEO rejects controversial Heimstaden investment

Swedish agency's new comms head will engage with fund managers

Only one Nordic fund market increased its AUM in August

Swedish FSA reprimands troubled pension giant

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

NATO's fund is in discussions with several Finnish investment funds, founder says

Jobs