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.
State Street touts €545bn ($770bn) in alternative assets under administration.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).