Denmark's third-largest asset manager came out of 2020 with growth in the lower end of things relative to its Nordic peers. Here, underlying factors include a lower initial weight of Danish equities in cross-asset solutions and the divestment of the branch in Gibraltar, along with a tough first quarter due to the Covid-19 outbreak.
"Most of the losses in the first quarter were market driven. We lost DKK 15bn [EUR 2.02bn, -ed.] , but since then, we have seen a growth of DKK 19bn with a pretty fantastic development since end-March. Inflows have actually also been quite okay since then," Henning Mortensen, head of Jyske Capital, tells AMWatch.