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, said the...
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.