AMWatch

EUR 24bn pension investor makes trading team to cut costs, boost returns

Mutual pensions company Elo has developed an in-house trading team to stay ahead in fierce competition for pension savers and optimal returns: "Whatever savings we can make from the asset management process directly boost our investments and translate into pensions for our customers," head of trading tells AMWatch.

Sami Kinnala, Head of Trading at Elo. | Photo: PR / Elo

Finland's mutual pensions insurance market is made up of four mutual pension companies, and competition for attracting new customers is fierce. As a means to stay ahead of competition, the EUR 24bn pension fund Elo has developed a new in-house trading team.

"The aim of having a separate trading team is operational efficiency; to save in trading costs, to get more euros written on the last line of the balance sheet," Elo Head of Trading Sami Kinnala explains.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch