DENMARK - Bank//Pension, the DKK 9.9bn (e1.3bn) pension fund for Danish financial sector employees, has awarded State Street Global Advisors (SSgA) a US$160m (e119m) global enhanced equity mandate.
Leif Hasager, the fund’s head of investments, would not reveal the name of the investment manager who had been replaced but said the new appointment was made for performance reasons. Jyske Invest Administration...
DENMARK - Danish pension fund ATP would like to invest in local infrastructure but a lack of ‘political focus' has led to a dearth of appropriate opportunities.
DENMARK - Danish pension fund ATP returned 4.2%, or DKK15.7bn ($3bn), in the first three quarters of the year, bringing total assets under management to DKK554bn.
UK/DENMARK - NOW Pensions, the new scheme to be launched by Danish group ATP early next year, has vowed to bring "highly competitive" charges to the UK market.
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.
DENMARK - Danish pension provider ATP recorded a profit of DKK8.1bn ($1.6bn) in the first six months of 2011 driven by high returns in commodities and inflation-related assets.