PFA has turned up the alternative investments volume in the second half of 2017, and this is among other things happening in collaboration with American investment bank Goldman Sachs, according to Danish news media Finans.
According to the media, PFA has invested DKK 950 million in the company Avantor Inc, which, among other things, manufactures silicone for silicone breast implants, it says.
The investment is made together with Goldman Sachs and a Canadian pension company, but is just one of several major investments that PFA has made in the second half of 2017, Finans writes, stating that PFA has invested for about DKK 10 billion in fall 2017.
"It's no secret that Goldman invests too and wants partners – someone they know – in the investment," says Henrik Nøhr Poulsen, PFA's Head of Equities and Alternative Investments, to Finans. It is not the first time that PFA invests together with the US investment bank. They have previously invested in the company formerly known as Dong (now Ørsted).
English Edit: Marie Honoré
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Grant-making association Realdania has its roots in the history of Danish housing needs -- all the way back to the devastating Copenhagen Fire of 1795. But with his eye firmly fixed on today's financial market challenges, CIO Peter Johansen tells AMWatch the private philanthropic organization is now set for a big boost in its alternative assets.
Both Alecta and AMF are busy shifting assets into new investment types: Alecta has more than doubled its green bonds investments in 2017, while AMF’s CIO says her fund has been working to manage assets outside the traditional asset classes.
Over the years, Pensiondanmark has built up a large portfolio of alternatives, which in 2017 yielded a return that compares with equities. Investments in infrastructure, property and non-listed assets will help protect the savings of more than 700,000 members against future equity unrest and interest rate hikes.
Spiralling costs for government pensions, a large sector of the population with scant pension savings, particularly poor pensions among women -- and a group with no pension coverage at all. The latest OECD pension report lays bare the fact that Germany has a steep hill to climb, with pensions in need of far-reaching reforms.