Danish pension fund ATP posts record investment return
Denmark’s largest pension fund, ATP, reported the best quarterly return ever on its investment portfolio on Tuesday, but its chief executive cautioned that the end to a decade-long market upturn was near.
ATP, Europe’s fourth-largest pension fund with around $120 billion of assets under management, achieved a record investment return of 20 billion Danish crowns ($3 billion) before costs and taxes in the first quarter, equivalent to a rate of return of 21.7 percent.
The previous five years the fund has realised an average investment portfolio return rate of 3.9 percent per quarter and positive returns in 17 of the previous 20 quarters.
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