News review, December 12

In our review of news linked to the Nordic asset management ecosystem we have, among other things, picked up news on a pension fund collaboration in Denmark and fund flows in Sweden.

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,
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