Sparinvest has put a brand-new strategy in place to see it through the next four years. By the end of 2022, it must have gathered in more than DKK 60 billion in extra assets under management -- and in the future, most of its business growth is to come from institutional investors. CEO Jørgen Søgaard-Andersen tells AMWatch's siter site, FinansWatch, all about the plan.
Bill Gates, Ban Ki-moon and others are launching a commission aiming to scale climate adaptation solutions across borders -- at a faster rate than has been done before. Now the CEO of one of Europe's largest asset managers is ready to work with the commission.
Asset manager Formuepleje is launching a new sustainable investment fund. "We see a growing demand for organizations to act responsibly and live by specific rules," says the CEO.
Nordea's responsible investment committee has decided that Danske Bank's equity is eligible for inclusion in its equity mutual funds. This, however, does not count for the asset manager's Stars funds.
Alongside the Danish Growth Fund, Bankinvest has launched a new equity fund that is to invest in small and midcap companies outside the OMXC25 index. With half of the new capital coming from private sources, an initial total of DKK 100 million (EUR 13.4 million) is flowing into the fund.
The global industry group for exchanges and CCPs says it is determined to take a leading role in promoting sustainable finance. The group has now published a set of five sustainability principles -- for itself and its membership.
American industry giant General Electric is selling its renewable energy portfolio for USD 1 billion to Apollo Global Management.
A portfolio manager from US money manager Nuveen -- which has almost a trillion dollars under management -- has been on a road show in Copenhagen to attract Danish pension capital to her USD 1.1 billion portfolio. AMWatch met up with her and heard about her two-fold investment strategy: To generate financial returns while addressing some of society's most urgent problems.
Fund manager Rekha Unnithan, who manages a USD 1.1 billion (EUR 960 million) private equity and real estate impact portfolio for the world's 16th largest asset manager, uncovers the details of two of her investments.
AP1 has made the sustainability scoring system S-ray -- from London-based asset manager Arabesque -- a part of the way it uses ESG databases. Alongside this, the Swedish pension fund and the asset manager plan to work together to develop a collaborative score on human rights.
Danish investment company Nordic Solar Energy is opening a new fund, and plans to raise an initial DKK 100 million of capital for it. The fund aims to invest around DKK 1 billion in mature solar projects.
Newly-elected chairman of Skagen, Jan Erik Saugestad, has spent the past 19 years at Storebrand Asset Management making sustainability the core of the business -- while rising through the ranks from portfolio manager, to CIO and finally -- CEO. But these days, he says, the mainstream incorporation of sustainability among financial service providers is changing the competitive landscape.
Even though the board of Danske Bank insisted last Wednesday that its CEO Thomas Borgen would stay on until a replacement had been found, news broke this morning that as of today, Borgen is no longer employed at the scandal-hit bank. And the bank's head of legal has now announced his resignation.
The Danish financial crime unit has decided to end its investigation into whether Danish marine fuel firm OW Bunker informed the market about the developments that eventually led to its bankruptcy.
It is no longer enough to ensure returns to our pension savers, we must make ethical investments, says Christian Hyldahl, CEO of ATP to the news service, Business.dk.
Responsibility is on top of Sparinvest's investment agenda, and the investment manager is not hesitant to say that it is surprised with the scale of Danske Bank's money laundering case. Sparinvest still invests in Danske, however, if more revelations are disclosed, it may change its view of Denmark's largest bank.
Major asset managers in Sweden, Norway and Denmark are very concerned about the impact of a money-laundering scandal at Danske Bank's Estonian unit. Several investors have already, or may, drop investments in Danske Bank securities, due to policies on responsible investments.
The latest development in the Danske Bank money-laundering case is unlikely to influence ESG agencies' rating of the equity as it should have been factored in already. The investors' view, however, is more debatable, according to a lead researcher from an ESG think tank.
The rate at which investment funds are being approved with the Nordic Swan Ecolabel is trailing behind the scheme's target of a hundred funds within three to four years, according to a Swedish news report.
Getting listed on First North Copenhagen is too easy, says venture investor Gregers Kronborg after it came out that one of the companies listed on the exchange had a chairman with connections to North Korea.
Despite the incumbent president's desire to withdraw from the Paris Agreement, the US is still only behind on a third of the commitments it made to the climate-change combatting international treaty under President Barack Obama, according to a new report.
British asset manager Schroders has polled 650 institutional investors from around the world, managing a combined EUR 20.7 trillion. The survey shows that sustainability remains a minor factor in the investment decision-making process, and that the time horizon affects the sustainability focus.
Growing concerns about factors such as performance, risk management and costs inhibit major investors from allocating more capital towards investments that are considered more sustainable, according to a survey by Schroders.
Nordea Asset Management, the largest asset manager in the Nordics, has had a halt on all investments in Danske Bank shares due to a developing money-laundering case since early summer, the head of responsible investments tells newspaper Svenska Dagbladet.
Having burned their fingers on cleantech investments, venture capital funds in Denmark are now dropping startups with new, sustainable solutions. The risk of regulatory change in the sector has upped the risks for early-stage investors, says the head of the country's biggest VC fund.
