Externally managed assets rose by almost a third at KLP Asset Management in 2019

The asset management arm of Norwegian pension provider KLP, KLP Kapitalforvaltning, increased its asset pool managed by external clients by almost a third throughout 2019.

CEO Sverre Thornes of KLP. | Photo:

KLP Asset Management (KLP Kapitalforvaltning) saw assets under management rise to EUR 56 billion (NOK 564 billion) by the end of 2019, compared to EUR 49 billion (NOK 495 billion) at the start of the year.

The amount of assets managed by external clients rose to EUR 8.4 billion (NOK 84.4 billion) by the end of the year compared to EUR 6.4 billion (NOK 64 billion) in 2018. This equates to an increase of 30 percent for the year.

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