AMWatch

LD Pensions reports big loss in H1

The first six months of the year ended in an AUM drop for LD Pensions’ two funds, but the new CEO says increasing interest rates could pay off in the long term.

Lars Maryland Nielsen became CEO of LD Pensions in August. | Photo: Henrik Brus

LD Pensions did not escape the market turbulence of the first half of this year, where returns after tax constituted a loss of DKK 3.91bn (EUR 524m).

The fund’s H1 report details that in percentage terms, this is a -9.5% return, and equities contributed significantly to the drop.

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