With the EU bound to issue EUR 225bn worth of green bonds, this large amount of uniform issuances could help establish a secondary market for green bonds for the first time, SEB Denmark Head of Sustainability Lars Eibeholm tells AMWatch.
Swedish advisor and incubator House of Reach moved into the Danish market just before 2021 kicked in. With a Finnish expansion and new team member soon in place, co-founder Fredric Andersén tells AMWatch the challenges institutions as well as asset managers are facing and why the firm has become more selective about partners.
The new EU regulation for sustainability disclosure comes into effect on March 10. But the entire framework will not be ready until January 2022, making 2021 a transitionary year. In addition, Swedish fund industry representatives see the new framework as not very relevant to the average consumer.
Danske Bank Asset Management has lost one of the analysts behind its analytical ESG data tool, Mdash, to Lego fortune manager Kirk Kapital. Danske's now-former investment professional also served as chief ESG analyst and senior portfolio manager of its new sustainable global equity fund, launched last year.
Finnish life insurer Mandatum recently announced plans to launch a separate asset management spinoff targeting professional investors across Europe. Mandatum Group CEO Petri Niemisvirta comments on the upcomingcompany’s plans to AMWatch.
At Jyske Capital, AUM growth in 2020 was hampered by the divestment of the Gibraltar branch and too few Danish Equities in the portfolios in the beginning of the year. Jyske Bank's asset management unit lead, Henning Mortensen, is happy with the inflow into Danish bonds and corporate bonds strategies.
In its latest consumer protection report, the Swedish financial supervisory authority outlines key risks in the financial industry for the year and its priority areas. One of the key areas to scrutinize will be activity levels in the fund management industry, and the authority will undertake a deeper analysis on how fund companies are following a new regulation.
Since Goldman Sachs Asset Management brought in Thomas Kønig to rethink its Nordic strategy, he's been reinforcing the regional team. Last year, the industry titan opened a new office in the heart of Copenhagen, and Kønig is still scouting for new profiles, he tells AMWatch.
The fund industry in Sweden could be facing further consolidation due to increased regulation and a reduction of the number of funds in the Swedish Premium Pension System (PPM), writes Swedish financial newspaper Dagens Industri.
For the former hedge-fund boss now running the world’s largest sovereign investment vehicle, there are some obvious parallels between today’s market for sustainable assets, and tech stocks just before the dot-com bubble burst.
A massive sell out from investment funds, damaging both fund managers, domestic small cap companies and pension savers' returns, will very likely be the result of last week’s amended Swedish Premium Pension System (PPM) reform, Christoffer Folkebo, CEO of multi-boutique manager Carneo, tells AMWatch.