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Nykredit sees large growth in asset management business

The combination of new retail clients, mandates from institutional investors and tailwind on investments increased assets under management by 31 percent in 2017. Later in 2018, and despite current volatile markets, Denmark's Nykredit expects to increase its equity exposure, CIO tells AMWatch.

Danish financial institution Nykredit's assets under managment grew by 31 percent in 2017. Photo: Arkiv/Ritzau Scanpix/Torben Christensen

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It all began in a copying room 25 years ago...

A quarter of a century ago, Jesper Kirstein threw in the towel and became self-employed. Before that, he had a promising career in the financial sector, which ended abruptly after just seven months as chief executive of Alm. Brand Bank. What began as a one-man business in the copying room at a friend's office, has now grown into the advisory and consultancy house Kirstein A/S and asset manager Spektrum.

Why Denmark's ATP is shaking up its business

The Danish pension fund ATP is primarily known for managing close to DKK 768 billion (EUR 103 billion) on behalf of every employee in Denmark. But along the way, ATP has acquired a long list of public and private administrative tasks. ATP CEO Christian Hyldahl has now undertaken an extensive restructuring so the fund can manage those tasks better. Changes include the dismissal of a key ATP executive after 20 years of service.

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