AMWatch

Four asset managers picked to run Copenhagen's money

Four of the main financial institutions in Denmark have won the new bid to manage the Copenhagen City's investment fund.

Photo: /ritzau/Martin Lehmann

Nykredit, Nordea, Danske Bank and Jyske Bank is the new line-up of asset managers who will watch over Copenhagen City's wealth of just over DKK 8 billion (about EUR 1.1 billion), according to news service Inside Business.

The new contract awards are the result of a recent bidding round in which Danske Invest was appointed administrator of Copenhagen City's investment fund. According to Inside Business, the appointment was made last week at a meeting of the Danish municipality's finance committee.

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