Denmark

DENMARK - Industriens Pensions, the e3bn industry-wide pension fund, is planning to begin a search for a currency overlay manager shortly.

DENMARK - Pensionskassen for Børne- og Ungdomspædagoger (PBU), the e3bn pension fund for kindergarten teachers, is restructuring its investment portfolio and plans to hire new global equities and bond managers.

DENMARK - The e5.8bn Danish pension fund for medical support staff, Pen-Sam is expected to tender for high-yield bond managers later this year.

DENMARK - Valby-based BankPension has awarded a e6m real estate mandate to Baltic Property Trust Asset Management.

DENMARK - Kommunernes Pensionsforsikring (KP), the e9bn pension insurance company of Danish municipalities, is considering increasing its equities allocation by 5% to 25%.

DENMARK - Arbejdsmarkedets Tillaegspension (ATP), the e37bn Danish pension fund, returned 6% in the first quarter of 2004, compared to returns of 0.5% in the first quarter of 2003.

DENMARK - The DKK259.7bn (e34.8bn) Arbejdsmarkedets Tillaegspension (ATP) is searching for managers to run a e100m US mortgage bond mandate.

UK/DENMARK - Danish pension funds PKA and Magistrenes Pensionskasse have signed agreements with Ethical Investment Research Services (EIRiS), the socially responsible investment firm.

DENMARK - Juristernes og Økonomernes Pensionskasse, the Dkr22bn (e3bn) pension fund for Danish lawyers and economists, is searching for a manager to run an emerging market bond mandate.

DENMARK - The Dkr16bn(e2bn) Finanssektorens Pensionskasse, financial sector pension fund, has hired Russell to run a $34m (e28m) Japanese and emerging market equity mandate.