Alternative valuations raise questions as pension funds upgrade book values despite listed market bleeding
While unlisted assets have generated good returns this year, their listed counterparts have plummeted. Pension advisors worry that this demonstrates a gap between the firms’ own evaluations of asset value and that of the listed market – but the pensions sector says it has a good explanation for the discrepancies.
by SIMON LUND CHRISTIANSEN, MIKKEL HOLMGAARD WINDING and THOMAS NYGAARD MADSEN, Translated by Catherine Brett
Alternative investments have cushioned the blow of huge losses in 2022 for pension funds. While listed equities and bonds have plummeted in value during the first nine months of this year, unlisted assets have generally generated positive returns, concludes independent pension advisor and former Danish country manager for Morningstar Nikolaj Holdt Mikkelsen.
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