Building an all-weather portfolio

Tell Media Group recently sat down with Kristoffer Birch, CIO of Danish LD Pensions, for a discussion on management challenges, the benefits of using external managers and finding the right asset allocation for a new macro environment.

Having taken on the role as CIO of LD Pensions in March last year, Kristoffer Birch says that he compares his current job with that of a football coach.

“As a football coach you try to balance the long-term development of the team and of individual players, but you must also win the next game. It’s a similar balancing act for a CIO,” he says. He adds that he doesn’t have a specific coach in mind that he would consider a role model. Asked what a typical week looks like, Kristoffer Birch says that it has changed quite a lot from when he started as the head of equities some ten years ago. “Back when I started, I was much more directly involved in the investment process – being
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