Wednesday, 28 January 2015
Last updated 36 min 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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…