Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.
After becoming the CEO of PBU, Sune Schackenfeldt invented a so-called "war room" where the Danish pension fund makes all its big investment decisions. This has led to significant changes that make PBU stand out from its domestic peers.
Pension fund PenSam is raising the bar in the race to be green taking place in the pension industry. By 2025, the company wants to reduce CO2 emissions generated by its investment portfolios by a total of 44 percent.
At PenSam, sustainability has been an integrated part of the investment process for the past four years. The Danish pension fund believes that it is possible to achieve returns from green investments, but it doesn't expect to make investments with a dedicated green objective, Head of ESG, Mikael Bek, tells AMWatch.
Executives at Danica Ejendomme hope to increase its international portfolio over the next few years. The long-term perspective limits the opportunities available, says CEO Michael Nielsen, explaining that the foreign investments pouring into Denmark are one reason the pension fund needs a more international focus.
It is difficult for the asset management industry to simultaneously reduce fees and engage more. "Although people are not talking much about this today, the situation is going to get quite interesting over the coming years," says Stuart Dunbar, partner at Scottish asset manager Baillie Gifford.
A new high-yield credit fund aims to achieve a lower carbon footprint. Swedish pension fund AP1 already has a relationship with the asset manager going back to 2017 and is now seeding the impact vehicle.
Denmark's largest institutional investor and the global offshore wind market leader have contracted three engineering companies to help plan designs for their tender bid to develop one the country's most prominent undertakings in renewable power.
The financial house wants to increase AUM to over SEK 100bn (EUR 9.8bn) but isn't just interested in buying assets for the sake of it. The fund manager needs to be good and add "something extra", Head of Wealth Management Sebastian Siegl tells AMWatch.
The Climate Investment Coalition kicks off its 2021 summit tomorrow. Coalition chair and former PKA chief executive Peter Damgaard Jensen is raring to go and keen to talk to investors wanting to increase their green ambitions. "When you read the latest IPCC report, it is clear that by 2030 or 2040, it will be too late to start this transition," he says.
Institutional Investor Forums is preparing to host its first pan-European pension symposium since before the pandemic. Executive Director Alex Beveridge hopes to welcome more than 100 of Europe's largest asset owners to Copenhagen, despite new Covid-19 infection rates clouding the horizon.