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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers