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KLP Kapitalforvaltning set to receive less AUM from parent company

KLP, Norway's largest pension firm, will be sending less money to its asset management arm.

Aage Schaanning, CFO of the KLP Group. | Photo: PR/KLP

Last year, most of the net inflow to KLP Kapitalforvaltning came from external customers. The asset management business of Norway's largest pension company only received a smaller amount of new money from its parent company, which provides occupational pension schemes to more than 900.000 public sector employees.

"In 2020, we allocated more money into real estate and loans. Thus, only a little flew to bonds and equities in KLP Kapitalforvaltning, " Aage Schaanning, CFO of the KLP Group, tells AMWatch.

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