We start this news review with a pension fund collaboration in Denmark. In a post at LinkedIn, Pernille Jessen – the CIO of AP Pension – writes that they are becoming cornerstone investors in ETNA (a private equity firm dedicated to strengthening European resilience by investing in companies within defence, cyber security, and the protection of critical infrastructure) together with PensionDanmark and AkademikerPension. “We do this because we want to contribute to strengthening Europe’s security and resilience – and at the same time ensure an attractive investment for our customers,” she writes.
Another news item from Denmark this week is that Lars Wallberg, CEO of Velliv Foreningen, will step down at the end of February. As CEO, he has been responsible for the association’s purchase of Velliv A/S, which is now 100% member-owned by customers. The Board of Directors has initiated a recruitment process and will announce the appointment of a new CEO of Velliv Foreningen as soon as possible.
From Sweden we received information about fund flows in November. Total new net inflows amounted to SEK 12.9 billion where the largest flows went to fixed income funds. So far this year, total new savings in funds amount to just over SEK 150 billion, of which SEK 71.7 billion has gone to equity funds and SEK 65.9 billion to long-term fixed income funds. In equities, we’ve seen net inflows to global equities and European equities and net outflows from equity funds investing in the US so far this year.
In Norway, family office Aars is looking to strengthen its team with a newly created Chief Investment Officer position. Aars writes that it has significant investment activity both in asset management and through direct investments in various companies and the new CIO will be responsible for leading both business areas in a central leadership role. Tell Media Group did an interview with Aars COO Morten Christensen at the end of last year and you find it here.
Swedish buffer fund AP6 will be merged into AP2 at the end of the year, and in a post at LinkedIn the fund has highlighted its successful and long-term value creation. It states that the average return over the last ten years has been 12,3 per cent.
To conclude, Niklas Wykman – minister for financial markets – received the final report of the fund market inquiry earlier this week. It proposes measures for a more competitive Swedish fund market.
We start this news review with a pension fund collaboration in Denmark. In a post at LinkedIn, Pernille Jessen – the CIO of AP Pension – writes that they are becoming cornerstone investors in ETNA (a private equity firm dedicated to strengthening European resilience by investing in companies within defence, cyber security, and the protection of critical infrastructure) together with PensionDanmark and AkademikerPension. “We do this because we want to contribute to strengthening Europe’s security and resilience – and at the same time ensure an attractive investment for our customers,” she writes. Another news item from Denmark this week isIf you’re new to Tell Media Group, create an account.
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