Anders Schelde, the chief investment officer of Akademikerpension, says the external allocations the USD 20bn investor makes exclude hedge funds because "I don’t think they create the value they say they do."
Schelde said he sees no point in trying to identify top performers. "The only thing we know for sure is that they want 2/20"and "we don’t want to finance that." (Hedge funds typically charge a management fee of 2 percent of total assets, and a 20 percent performance fee from profits.)
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from AMWatch
Carbon pricing the "strongest tool" in the green transition, says AP fund CEO
"If you want to improve things, you need to be in the company in order to bring the change about," says CEO of AP4 buffer fund Niklas Ekvall.
Norwegian firm aims to become first Nordic cryptobank
Norwegian Block Exchange has applied to become listed on the Euronext Growth exchange as a stepping stone to bank status.
Robur stops using Nordic Swan Ecolabel in pursuit of more international approach
Sweden's largest fund manager is ditching the more "national" sustainability rating in favor of full focus on SFDR. But the Nordic Ecolabel organization still sees interest in its Swan label and believes it has a part to play, especially as the release of the SFDR technical standards has been postponed again.
Aktia to categorize funds as Article 8 to "be on the safe side"
Aktia will start by defining its funds as Article 8 to see how the market will work before launching them as Article 9 products, says Aktia's Director of Sustainability Markus Lindqvist.
Capital Group prepares for 2022 Nordic offensive and expects to make new hires
DECEMBER SERIES: Today, Head of Benelux, Northern Europe and Middle East at Capital Group Feike Goudsmit explains why he is currently expanding the manager's products and services to support clients in the Nordics.
