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Pension

Fokus reaps business benefits of DKK 900 million Lægernes deal

The asset manager is now set to manage a portfolio of 11 properties for the Danish Doctors' Pension Fund, after advising it on the real estate acquisition from M. Goldschmidt. Fokus Asset Management's CEO and partner talks about the major business win which give a 10 percent boost to assets under management.

Danish pension funds join insourcing bandwagon

AP Pension is planning to manage a much larger proportion of its assets internally. If all goes well, CIO Ralf Magnussen is ready to take the next step, he says in an interview with AMWatch. ATP is also pulling back investment mandates form external managers.

OPF buys into Norway tech fund to get closer to growth firms

Norway’s Oslo Pensjonsforsikring (OPF) is putting up to NOK 200 million into a new fund investing in the country’s emerging technology companies. CIO Kjetil Houg says the public sector pension fund is not only buying into the new fund for a good return, but also to gain knowledge about this market segment.

ATP has high hopes for Munich hotel acquisition

The pension fund's new DKK 700 million hotel acquisition in Munich highlights the differences between buying core properties in different real estate categories. ATP Real Estate CEO Michael Nielsen elaborates on the investment that forms part of a larger European portfolio deal.

ATP steps out into residential with Copenhagen homes deal

The first step of ATP's long-awaited residential real estate strategy it taking shape, with the Danish pension fund taking over a debt-ridden company with the necessary space and building rights. Deas has been appointed to manage the properties.

PFA prefers outsourced property management, says real estate chief

Denmark's largest commercial pension fund PFA relies on major firms Newsec Datea and Deas to manage its commercial and residential properties. The decision to outsource, made several years ago, frees the inhouse leadership to focus on the areas of the business they are best at, the head of the company's real estate division tells EjendomsWatch, an AMWatch sister site.

AP Pension hires new equities chief

AP Pension is expanding its investment unit, and has found a new head of equities at Nykredit Asset Management. The appointee calls his new job "A golden opportunity".

KLP, DNB predict strong demand for new tax-favourable investments

Pensions and investment providers in Norway have just begun offering a new type of equity investment account and are set to launch a new breed of personal pension in November. Both offerings have been made possible by new legislation easing tax conditions as a way of encouraging more individual saving in the country.

AP7 must be given a clear goal, says Swedish government adviser

The author of a specially-commissioned report to guide the Swedish government on reform of the Premium Pension System (PPM) argues that the Pensions Group should define the explicit goal of the Premium Pension. Today, this key political decision has been delegated to a government agency, the system’s default provider AP7, which he says is “unfair”.

Pensam sold ownership stake in energy firm just before breakthrough

Management and staff at Denmark's Aalborg Energie Technik would seem to have made a succesful deal in 2015 when the company bought back their own ownership stakes from pension fund Pensam and investment company Ivons. The engineering company found commercial success shortly after the sale, according to Finans.dk.

PKA tailors properties for tenants to end office sector stagnation

Working with a firm of architects specializing in conversions, Danish pension fund PKA is out to attract new tenants by tailoring the office properties it has on offer. The redesigns will pay for themselves in terms of extra rental income, the portfolio manager explains. Lundrens — another firm — has had good experiences with the business model as a tenant, one of the firm’s partners says.

Danish, Norwegian pension funds target developing countries

Norway's municipal pension fund provider KLP is investing NOK 200 million (EUR 21.6 million) in an international fund to invest in renewable energy in developing countries, while Denmark's PKA, PensionDanmark and Lægernes Pension are jointly contributing to a newly launched infrastructure fund to support sustainable development in Africa. Local knowledge is vital to access the double-digit returns possible from developing regions, the funds say.

PFA eyes five percent-plus returns for new Hillerød hotel deal

The Danish pension fund is investing more than DKK 200 million in a central plot of land in Hillerød, north of Copenhagen. The project will yield attractive returns that can be sustained if it later switches the property to a different use, PFA Real Estate's CEO tells EjendomsWatch.

Forca lures new chairman from DIP

Carsten Koch is resigning after six years as chairman of the board of supervisors at pensions management company Forca, which administers pensions for more than 560,000 Danes. The incoming chairman draws his experience for the role from his time at pension fund DIP.

Danica: Alternatives can be "the very foundation" of savers' portfolios

Real estate, infrastructure and alternative credit are no longer just an extra on top of the traditional asset classes of equities and bonds for the Danske Bank pensions subsidiary, according to its CIO. Investments such as Danica's 500-unit student accommodation project in Copenhagen's Nørrebro district will boost client returns in the long-term, he says.

Sweden: PPM savers need fewer, better options, not state management, says Langensjö

Pension providers in the Premium Pension System (PPM) – currently in the process of a major reform following scandals about rogue providers – have a big responsibility to help individuals make choices, according to pensions expert Mats Langensjö. The former chair of the Swedish AP funds reform expresses his views on the system in a paper.

Norwegian academics oppose letting oil fund invest in private equity

Norway has launched a pair of new reviews into how the country’s giant sovereign wealth fund should best invest its NOK 7.7 trillion (EUR 826 billion) fortune. But two experts from Oslo and Bergen tell AMWatch the oil fund should not be given new freedom to invest in private equity.

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