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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Europe shows little promise for Denmark’s biggest pension fund

Posted on 19 April 2013

The head of Denmark’s biggest pension fund warned that Europe is showing few signs of emerging from its crisis. “We all hope for a better Europe, but there is little reason for optimism at this point,”Carsten Stendevad, chief executive officer at ATP, which manages $140 billion in assets, said.
ATP said in December the fund is broadening its investment scope to benefit more from global growth as the euro area stays mired in a recession. The strategy emulates an approach adopted by Norway’s $725 billion sovereign wealth fund, which is relying less on European assets to generate returns……………………………………..Full Article: Source


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