Hedge funds shunned on principle by Danish pension fund

A pension firm in Denmark that has a reputation for enforcing some of Europe’s toughest ethical investing standards says it won’t do business with hedge funds.

Anders Schelde, the chief investment officer of Akademikerpension, says the external allocations the USD 20 billion investor makes exclude hedge funds because "I don’t think they create the value they say they do." | Photo: PR/MP Pension

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