mast image

Special Report

Impact investing

Sections

Danish pension fund Sampension shifts real estate team to alternatives

Related images

  • Danish pension fund Sampension shifts real estate team to alternatives

Related Categories

DENMARK – Sampension's property investment team has now become part of the pension fund's alternatives team, following the retirement of long-time real estate chief Henrik Kolind.

Kolind, who was head of real estate at the DKK185bn (€25bn) labour market pension fund for more than 30 years, will not be replaced.

Instead, head of equities and alternatives Anne Charlotte Mark is now leading property investment as part of alternative investment.

Mark told IPE: "We have been preparing Henrik's retirement for some time now.

"The real estate team has been integrated into my group through the last couple of years.

"The plan has been to build an alternatives team that works across the different alternative asset classes – real estate, private equity, timber and infrastructure."

Before retiring, Kolind worked four days a week for about a year and made a great effort to transfer a lot of his knowledge to the group, Mark said.

"We will not hire a new head of real estate since I head up the alternative team," she said.

"However, we have increased the team, and, on top of that, we are now using resources more efficiently across asset classes."
 
Mark emphasised that real estate remained a very important asset class for Sampension, taking up half of the pension fund's allocation to alternatives.

At the end of 2011, Sampension had a 4% allocation to property.

"Our strategy is to invest directly in Denmark and the UK and go with funds elsewhere," she said.

While the pension fund's allocation has been primarily to Europe, Sampension made its first foray into the US market in 2011, making a commitment to a US real estate fund.

"We made another commitment in 2012, and we are still seeking more US exposure," Mark said.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here
<