DENMARK - ATP recorded a 5.9% annual investment return of DKK21.3bn (US$4.2bn) before tax over 2007 but lost a considerable amount through its hedging activities.
The fund value grew by DKK2.9bn to DKK73.2bn but lost DKK2.2bn which it attributed to the drop to the narrowing of interest rate spreads between Danish Kroner and Euros. Lars Rohde, CEO, ATP, sa...
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