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
|