DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.
State Street will be responsible for providing analytics on over 125 private funds. The DKK87.5bn scheme allocated 6.3% to private equity.
"As we expand our alternative investment portfolios, we require a more robust and cost-effective administrative solution," said Henrik Nøhr Poulsen, head of equities at Industriens Pension, in a release. "Leveraging State Street's complete investment analytics solution allows us to spend our time analysing the new level of insight and transparency that State Street brings, instead of spending this time collecting and processing data."
Poulsen was not immediately available for further comment.
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