DENMARK - The DKK24.5bn (€3.3bn) Danish Teachers' Pension and Life (Lærernes Pension) is planning to review its Danish equity managers.
In the latest of a series of manager reviews conducted over the last months, Lærernes will now be reviewing the mandates PFA and Bankinvest are holding.
"This review could result in a minor strategy change," Anders Bertramsen, portfolio manager at Lærernes confirmed to IPE.
He added, after conducting a search on IPE-Quest, the fund had chosen AllianceBernstein for a $50m (€37.5m) Japanese equity brief - replacing Bankinvest.
Investment in the AllianceBernstein Style Blend fund "offers more market neutrality on various components", Bertramsen explained.
Wellington replaced Pimco in September on an emerging market debt mandate.
Lærernes also chose two boutiques, Post Advisory Group based in Los Angeles and Texas-based Sanders Morris Harris Capital Advisors, in April to replace T.Rowe Price and Capital International on a high-yield mandate.
Related articles
NewsIORP II reform: European pension associations dissect EIOPA’s review proposals
Several industry officials believe ‘it’s too soon’ for a review of the Directive
- News
KLP sees long process ahead in Storebrand complaint case
Storebrand surprised by government’s response to ESA, saying KLP is ‘not an economic actor’
- News
Corporate governance: Investor sentiment is not clear this AGM season
‘It feels like there’s a moment of reflection happening across all camps: those that support responsible investment and those that are sceptical of it,’ says ShareAction
Copyright © 1997–2023 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP
No comments yet