Saturday, 25 April 2015
Last updated 23 hours ago
Mar 16 2007 | 12:29pm ET
In a move to offset weak local bond yields, PensionDanmark is increasing its hedge fund, infrastructure and senior bank debt exposures from 2.6% to 4%, according to its 2006 annual report.
Last year, assets under management for the now US$11 billion Danish pension plan grew 19%, up from US$9.2 billion. The system’s investment in private equity returned 14.1%, while that in hedge funds, infrastructure and senior secured debt returned 5.8%. The system’s overall return was 7%.
“More than half of PensionDanmark’s investments are in equity, private equity, high-yield bonds, real estate and alternative assets like hedge funds, infrastructure funds and senior bank debt,” said CEO, Torben Möger Pedersen. “This has significantly contributed to the solid investment return in a year when investments in Danish nominal bonds have yielded an only very modest return.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…