Denmark

DENMARK - With US$137.4bn (e102.9bn) in assets under management, US-based Janus Capital Group Inc. has been registered as the largest fund provider on the Danish government's ‘Folkeborsen' investment platform set for launch on January 3.

DENMARK - The EUR2.4bn Danish pension fund for the medical sector Pen-Sam has awarded a DKR1bn (US$180m) "multi-styled" US equities mandate to T. Rowe Price.

DENMARK - Danish pensions and insurance company ATP has awarded IBM Business Consulting Services a contract that aims to transform ATP's operational structure and enhance business efficiency.

DENMARK - The e38bn Arbejdsmarkedets Tillaegspension (ATP) has appointed the Los Angeles-based TCW to manage a US$200m US mortgage bond mandate.

DENMARK - Five major Danish pension funds have joined forces to create the "Danish Real Estate Club" - a new investment vehicle targeting the European indirect real estate market.

DENMARK - The e11bn Pensionskassernes Administration (PKA) has made its first foray into forestry investments though an allocation of US$30m in the asset class.

DENMARK - Arbejdsmarkedets Tillaegspension (ATP), the e37bn Danish pension fund, will cut around 150 jobs over the next couple of years.

DENMARK - The e11bn Pensionskassernes Administration (PKA) has hired State Street Global Advisors (SSgA), to manage a US$100 million active Japanese equity mandate.

DENMARK - Special Pensions Savings scheme, managed by ATP, has recorded a DKK 1.857bn (e134m) loss and the market return on investment for Q2 of 2004 was a mere DKK 98m (e13m), equivalent to 0.2%.

DENMARK- A government committee appointed to make recommendations on efficient corporate governance in Danish labour market pension funds has unexpectedly backed the role of social partners on the boards of pension funds.