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Denmark-based pension fund to up hedge funds PE
February 9, 2010
Pension fund ATP, which manages 609 billion Danish crowns ($112 billion), is set to invest 1 billion crowns a year in hedge funds as part of a plan to create an "all weather" portfolio, the fund's chief executive said.
Lars Rohde told Reuters on Monday the Danish Labour market pension scheme also planned to double its exposure to private equity.
From 2012, the scheme, which returned 8.5 percent in 2009, will increase its hedge fund and private equity allocation as it implements a long-term strategy aimed at achieving returns independent of market conditions -- what Rohde described as an "all weather portfolio."
"We have a plan that going forward we should contribute approximately one billion a year," he said on the sidelines of the EDHEC-Risk Alternative Investments Days 2010 conference.
Original Posting At: Reuters
Lars Rohde told Reuters on Monday the Danish Labour market pension scheme also planned to double its exposure to private equity.
From 2012, the scheme, which returned 8.5 percent in 2009, will increase its hedge fund and private equity allocation as it implements a long-term strategy aimed at achieving returns independent of market conditions -- what Rohde described as an "all weather portfolio."
"We have a plan that going forward we should contribute approximately one billion a year," he said on the sidelines of the EDHEC-Risk Alternative Investments Days 2010 conference.
Original Posting At: Reuters
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