Veritas' CIO Kari Vatanen. | Foto: PR Veritas.

Boost in equity exposure helps Veritas beat peers in Q1

According to Veritas’ CIO Kari Vatanen, Finnish equities are now relatively inexpensive compared to their international peers.

For subscribers

Maria Hjorth is the new managing director of IIP. | Foto: Pr

AMWatch

Alternative investment platform finds new managing director

Alternative investment platform IIP, which invests directly in companies through private equity funds, has appointed Maria Hjorth as its new managing partner.

For subscribers

Magdalena Wahlqvist Alveskog remains puzzled by the lack of investor interest in fixed income solutions. | Foto: Handelsbanken / PR

Fund Management

Despite loss of big Finnish mandate, Swedish fund manager enjoys "steady quarter"

Index funds were the main driver for a net inflow in Sweden, Handelsbanken Fonder’s CEO tells AMWatch. She remains “puzzled” by the lack of investor interest in fixed income solutions.

For subscribers

Ilmarinen’s President and CEO Jouko Pölönen. | Foto: PR Ilmarinen.

Pension

Tech stocks balance losses from domestic listed equities at Finnish pensions giant

The Q1 return on Ilmarinen’s real estate and other investments were also at the lower end.

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Pension

ATP's bond-heavy strategy criticized, but long-term strategy is 64 times better than pure equities, says CIO

Denmark’s largest pension fund, ATP, reported a EUR 40bn drop in AUM in 2022, but according to CIO Mikkel Svenstrup its long-term returns are far superior to exclusively investing in equities.

For subscribers

Responsible Investing

PFA has divested its shares in Shell

Shell has lowered its ambitions on its 2030 climate target, and PFA’s head of ESG, Rasmus Bessing, believes that the pension fund can achieve more from active ownership in other companies.

For subscribers

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Peter Kjærgaard is on a mission to reverse the downward trend within Formuepleje. | Foto: Formuepleje

Fund Management

Challenged Danish asset manager: "We can't turn a ship like Formuepleje around in a single year"

”We need to have a broader product range and we are working on a new equity strategy,” says CEO Peter Kjærgaard who has seen Formuepleje’s business shrink further since taking over the helm.

For subscribers

Did you read?

Impact fund manager faces Danish protests for investment with potential link to the Gaza conflict

An investment with alleged links to the conflict in Gaza is causing customers from a Danish bank to demand a sell out of the company that lies in two of Dutch manager Triodos’ impact funds.

For subscribers

Jan Erik Saugestad, CEO of Storebrand Asset Management. | Foto: PR/Storebrand

AMNews

Saugestad says "Nordic stronghold" is intact despite loss of huge mandates

Losing two large mandates due to cost efficiency is not a sign that Storebrand AM is falling behind in an increasingly competitive asset management industry, CEO Jan Erik Saugestad tells AMWatch.

For subscribers

Varma's President and CEO Risto Murto (l.) and CIO Markus Aho (r.). | Foto: Varma PR.

Pension

Finland's weak equity performance prompts the country's pension giant to reassess approach

Weak performance of Finnish equities is prompting Varma to reassess its investments in this asset class. CIO Markus Aho admits that the situation creates bigger, longer-term issues for Varma.

For subscribers

Per Lindgren will become Skandia's new CIO on June 1. | Foto: Skandia / PR

People

Inhouse veteran takes over as CIO of major Swedish pension firm

Per Lindgren will replace the retiring Lars-Göran Orrevall as Skandia’s chief investment officer on June 1.

For subscribers

Henrik Dahl Jeppesen, CEO, PKA Ejendomme. | Foto: David Engstrøm

Pension

Pension fund to take real estate management in house: We might be the first to take this step

A year ago, PKA Ejendomme had two employees. Now the pension fund’s real estate company has 35 and could boast over 100 personnel by the end of the year, says the CEO of PKA Ejendomme.

For subscribers

Did you read?

Analysis: PE refusal is another blow to Norway’s investment titan

For the fourth time, Norway’s oil fund has failed to get permission to invest in private equity. It is a blow to the fund’s chief executive, who has been criticized from the day he was hired.

For subscribers

Anders Heering, CEO at Watch Media. | Foto: PR / Watch Medier

AMNews

Watch Media to launch FinansWatch in Sweden

”Sweden has been on our radar for a long time,” says Watch Media’s CEO, Anders Heering.

For subscribers

Pension

ATP reports first quarter AUM drop

ATP ended the first quarter of the year with a positive return on its investment portfolio. However, rising interest rates sent total assets down.

For subscribers

Masih Yazdi is the CFO of SEB. | Foto: PR / SEB

Fund Management

CFO of Sweden's largest asset manager "encouraged" by consecutive inflows

SEB enjoyed the best quarter for some time in its retail business, the group’s CFO tells AMWatch. But institutional mandates continued to see outflows.

For subscribers

Swedbank ahead of Nordic peers with double-digit AUM increase in Q1

Swedbank Robur strengthened its position as Sweden’s largest fund manager during the first quarter. Its share of net inflows in the country’s fund market reached 44%.

For subscribers

says Karina Schmitt Lund is BlackRock's Head of Wealth Management and iShares for Baltics, Nordics, and Netherlands. | Foto: PR / BlackRock

Fund Management

BlackRock adds European government debt to iBond range

Since the first European domiciled iBonds were launched last year they have been ”rapidly adopted” by European investors, says BlackRock’s head of iShares for the Nordics.

For subscribers

Pension

Finnish pensions firm celebrates Q1 equity performance

In Q1, European, Japanese and US listed equity markets performed ’excellently’, while returns in China were more modest and Finnish returns were negative, reports Elo Mutual Pension Insurance.

Pension

Shell to reveal more about lobbying activities after pressure from pension companies

Sampension and KLP were preparing proposals for the upcoming annual general meeting, but Shell chose to provide the information that investors wanted after dialogue.

For subscribers

Håkon Hansen, Head of wealth management at DNB Asset Management. | Foto: PR/DNB

AMNews

DNB sees elevated retail inflow continue, but downward trend in margins persists

In Q1, Norway’s second-largest asset manager continued to attract retail inflows and gained two sizeable institutional mandates whilst pressure on commission margins remained high.

For subscribers

Storebrand Asset Management is Norway's largest asset manager. | Foto: PR/Storebrand

Fund Management

Storebrand AM reports outflows and slower AUM growth in Q1

Despite winning several large mandates for fixed income and equities, Norway’s largest asset manager records outflows and decelerating AUM growth in the first quarter.

For subscribers

Handelsbanken's head office in Stockholm. | Foto: PR / Handelsbanken

Fund Management

Handelsbanken sports biggest Q1 AUM growth so far despite mutual fund outflows

The manager experienced positive net flows to its mutual funds in Sweden, while one of its smaller markets reported a particularly significant outflow.

For subscribers

Assets under management at Sweden’s largest manager reached SEK 2,567bn (EUR 222.5bn) at the end of the first quarter. | Foto: SEB/PR

Fund Management

SEB reports net inflow for third consecutive quarter following previous slump

SEB saw an 8.7% AUM increase in the first quarter. While growth was mainly market-driven, there was also equity-based net inflow.

For subscribers

Mikkel Svenstrup has been CIO at ATP since March 2020. | Foto: PR / ATP

Pension

ATP CIO on huge AUM drop in 2022: "It's a cross I have to bear"

2022 was the worst year ever for Denmark’s ATP, as assets under management dropped by EUR 36bn. But the pension fund’s investment strategy is still the right one, says CIO Mikkel Svenstrup.

For subscribers

Pension

Market and currency conditions provide Q1 boost to embattled pension giant

Alecta has released its Q1 figures two days before a supervisory board meeting that is expected to add more asset management skills to the pension fund’s board of directors.

For subscribers

CEO of Finland's Evli Maunu Lehtimäki. | Foto: Evli PR.

Fund Management

Evli reports positive Q1 flows but struggles to retain international sales

Finland’s third-largest asset manager has expanded its product range. CEO Maunu Lehtimäki comments on the new vehicles, which include a European growth fund and a precious metals mining fund.

DNB Asset Management's main offices in Bjørvika, Norway. | Foto: PR/DNB

AMNews

DNB AM reaches milestone as inflows continue in Q1

The AUM of Norway’s second-largest asset manager exceeded NOK 1trn in the first quarter. Investments in its sustainability-themed funds decreased.

For subscribers

Boost in equity exposure helps Veritas beat peers in Q1

Alternative investment platform finds new managing director

Despite loss of big Finnish mandate, Swedish fund manager enjoys "steady quarter"

Tech stocks balance losses from domestic listed equities at Finnish pensions giant

Did you read?

Finnish boutique kicks off a fund for ‘boomers’

ATP's bond-heavy strategy criticized, but long-term strategy is 64 times better than pure equities, says CIO

PFA has divested its shares in Shell

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Challenged Danish asset manager: "We can't turn a ship like Formuepleje around in a single year"

Did you read?

Impact fund manager faces Danish protests for investment with potential link to the Gaza conflict

Saugestad says "Nordic stronghold" is intact despite loss of huge mandates

Finland's weak equity performance prompts the country's pension giant to reassess approach

Inhouse veteran takes over as CIO of major Swedish pension firm

Pension fund to take real estate management in house: We might be the first to take this step

Did you read?

Analysis: PE refusal is another blow to Norway’s investment titan

Watch Media to launch FinansWatch in Sweden

ATP reports first quarter AUM drop

CFO of Sweden's largest asset manager "encouraged" by consecutive inflows

Most read

Swedbank ahead of Nordic peers with double-digit AUM increase in Q1

BlackRock adds European government debt to iBond range

Finnish pensions firm celebrates Q1 equity performance

Shell to reveal more about lobbying activities after pressure from pension companies

DNB sees elevated retail inflow continue, but downward trend in margins persists

Storebrand AM reports outflows and slower AUM growth in Q1

Handelsbanken sports biggest Q1 AUM growth so far despite mutual fund outflows

SEB reports net inflow for third consecutive quarter following previous slump

ATP CIO on huge AUM drop in 2022: "It's a cross I have to bear"

Market and currency conditions provide Q1 boost to embattled pension giant

Evli reports positive Q1 flows but struggles to retain international sales

DNB AM reaches milestone as inflows continue in Q1