Danish pension funds and utility ally with Nykredit to finance energy isle
The Vindø consortium joins up with Nykredit to find financing solutions for an energy island in the North Sea.
AMWatch
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The Vindø consortium joins up with Nykredit to find financing solutions for an energy island in the North Sea.
Video conferencing is fine for introductions and follow-up meetings with new managers, but pension investors are reluctant to give new mandates without physical due diligence meetings.
Nordea Asset Management has landed a USD 240m (EUR196m) sustainable mandate with Finland's largest earnings-related pension fund.
Danish Pension Fund of Early Childhood Teachers (PBU) seeks cheaper fees, for which reason the pension stops investing in private equity funds.
According to the Danish Financial Supervisory Authority, ATP's risk management of illiquid credit investments leaves room for improvement.
AMF is buying a minority share in a Swedish logistics and home delivery company, which will be the tenth holding in the EUR 19.3bn pension company's private equity portfolio.
ATP's new CIO, Mikkel Svenstrup, is satisfied with the outcome of 2020. In the new year, Denmark's state-owned labor market pension fund will keep tightening its ESG focus. Increased investments in green bonds and local companies are also on the agenda for 2021.
An investor group wants HSBC to stop all lending to coal-fired energy and focus more on climate change mitigation.
The Norwegian sovereign wealth fund plans to directly invest around NOK 100 billion in renewable energy such as solar and wind power. The first investment will likely come in 2021, says CEO Nicolai Tangen.
Green bonds, or fixed-income securities earmarked for climate-friendly investments, have grown into a major market in a handful of years. Maj Invest and Danske Bank are confident the expansion will continue.
Firms in Sampension's investment portfolio must list more than global tax payment figure in the future.
Norwegian asset manager KLP Kapitalforvaltning attracted a record net inflow from retail clients in 2020: "Low costs, Nordic Swan Ecolabel funds and a greater interest in investments from the Norwegians are the reasons behind the massive inflow," head of funds in KLP Kapitalforvaltning, Ann-Elisabeth Tunli Moe, tells AMWatch.
Video conferencing has been a challenging method for first meetings with new managers, Norges Bank Governor and chair of Norges Bank Investment Management Øystein Olsen and NBIM chief executive officer Nicolai Tangen write.
Alternative investments outside Europe have led Danish pension fund Pensam to increasingly match the FX hedging contracts to its long-term investments.
Even though the Covid-19 pandemic is far from over, Danica's chief investment officer expects decent return figures for 2021.
As part of its 2021 strategy Denmark's DKK 100bn asset manager Formuepleje will start up a new branch office in Odense with more new branches on their way.
In the last seven years, the Danish pension firm Velliv's passively managed pension product Velliv Index has delivered better returns than actively managed products from other domestic pension companies.
For the past few years, Ilmarinen has been swapping its passive equity investments for ESG indexes. CIO Mikko Mursula tells AMWatch that the Finnish pensions giant has thus been able to gain exposure to ESG ETFs in Europe and the USA and to make the contents of its portfolio increasingly sustainable.
AP2 CEO Eva Halvarsson, dedicated to sustainable investment development, has entered her second term as a PRI board member. Beyond the international PRI seat, Halvarsson is also a very active board member in Sweden. She tells AMWatch about her early board career, sending three pieces of advice to aspiring board members.
Most Danish pension companies have lowered their deposit rates for 2021 for savers with average interest rate products. Some pension funds are moving against the trend, though, notifying their members of higher returns on their traditional pension products.
Denmark's P+ has kept an equity overweight since March and plans to maintain it going into 2021, new CIO Kåre Hahn Michelsen tells AMWatch in an interview. In 2021, P+ also intends to increase unlisted holdings and further enhance its emphasis on ESG.
CEO of Finland's State Pension Fund Timo Löyttyniemi is mildly optimistic about 2021 market performance and believes that if Covid-19 is beaten next year, the recovery can gradually become stronger. "But this is likely to take place over two years – in 2021 as well as 2022," he says.
Bank-owned asset managers from the Nordic region and US-based asset managers dominate the top ten leading managers of institutional assets in the Nordic region, according to survey.
Industriens Pension updates its strategic asset allocation effective from early 2021. CIO Peter Lindegaard comments on his first year in charge of more than 400,000 members' retirement savings, explaining how some of the fund's external managers will not be looking at extended mandates any time soon.
The AP7 equity fund reduces its management fee on 1 January 2021.
