Finance professor's response to ATP following public discussion: You should've followed experts' advice in 2014
Copenhagen Business School Finance Professor Jesper Rangvid considers it a pity that five years ago Danish pension fund ATP did not embrace changes to its business model that directs majority of payments to a hedging portfolio. While ATP Chief Executive Officer Bo Foged has announced to be pleased with the fund's interest hedging – and relieved not to have followed experts' advice – Danish savers and ATP could have benefited from more freedom to invest, Rangvid claims.
BY DORTHE BACH, FINANSWATCH
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