ATP, which is based north of Copenhagen, says its review will be “comprehensive.” There are “big decisions” ahead, Chief Executive Officer Bo Foged said in an interview. Measures may include shifting the basic allocation model at the fund to allow it to offload bonds and add risk.
ATP is trying to run a pension fund in a country that’s had negative rates longer than any other place on Earth. Denmark’s central bank first dipped below zero in 2012. Two years later the European Central Bank followed. The regime is great for borrowers, but punitive for those trying to build enough savings to retire on.
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