Denmark

DENMARK - The Valby-based BankPension is considering allocating around 2% to real estate and may hire external managers in the second quarter of 2004.

DENMARK - Industriens Pensionskassen, the e3bn Danish corporate pension fund, is planning to hire private equity managers.

DENMARK - Arbejdsmarkedets Tillaegspension (ATP), the Danish pension fund, has returned 8.2% for 2003.

DENMARK - Pensionskassernes Administration (PKA) has appointed State Street Global Advisors (SSgA) to run a $100m (e78m) enhanced screened US equity mandate.

DENMARK - Lægernes Pensionskasse, the e4.6bn Danish pension fund for medical practitioners is looking to appoint new external managers for equities and bonds.

Denmark - Juristernes og Økonomernes Pensionskasse, the Dkr22bn (e3bn) pension fund for Danish lawyers and economists is finalising a raft of new managers, following an overhaul of its equities portfolio.

DENMARK - The e3bn Danish pension fund for engineers, Dansk Civil og Akademiingeniors Pensionskasse, is considering allocating 0.5-1% to the eastern European equities markets by year-end.

DENMARK - The Dkr16bn (e2bn) Finanssektorens Pensionskasse, the Danish pension fund for the financial sector, is mulling investments in hedge funds and emerging markets.

UK/DENMARK - JPMorgan Investor Services (JPMIS) has been appointed as custodian for $25bn (e20bn) PFA Pension, the largest supplier of company pension plans in Denmark.

DENAMRK - Kommunernes Pensionsforsikring (KP), the pension insurance company of Danish municipalities, may foray into hedge funds this year.