
ATP rakes in DKK10.5bn in Q1
DENMARK - Danish fund manager ATP posted a DKK10.5bn (US$1.2bn) profit on its investments and hedging activities in the first quarter, with a large chunk of investment returns coming from domestic equities.
ATP said its equity exposure brought in DKK4.8bn, but DKK3bn came from domestic equities alone.
During the first quarter, the OMX Copenhagen Index was up 13%, versus the S&P 500 index and the MSCI All World index, which were up 5% and 3% respectively.
ATP's hedging activities resulted in a profit of DKK2.3bn as a result of widening spreads between domestic and European long-dated swap rates.
ATP's total assets reached DKK75.4bn at the end of March.
ATP's reserves rose by DKK10.5bn in Q1 2010, to a total of DKK75.4bn at the end of Q1.
Latest stories
Croydon sets up asset-backed funding to reduce pension contributions
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Half of pension scam red flags raised by schemes involves advisers, finds survey
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
Norfolk Pension Fund wins rare US securities fraud class action case
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
Have your say: Should CEOs have to pay into the same staff DB scheme as their workers?
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.