Denmark

DENMARK - Pensionskassernes Administration (PKA) has committed DKK400m (US$75m) to a real estate project in Manhattan, New York.

DENMARK - Laerernes Pension has dropped PIMCO from an emerging markets debt mandate worth US$70m and instead awarded the allocation to Boston-based Wellington Management.

DENMARK - Pensionskassernes Administration A/S (PKA) has hired Hermes Equity Ownership Service (Hermes EOS) to represent its global equity interests, as part of its policy of responsible share ownership.

DENMARK - PensionDanmarks has reported a bumper first quarter of 2007 as its assets under management grew by 18% to DKK64.2bn (€8.6bn), and its investment return was boosted by large holdings in equities.

DENMARK - The largest Danish pension fund, ATP, has dumped Nordea in favour of the Bank of New York as global custodian for assets totalling DKK414bn (US$73bn).

DENMARK - Denmark's largest pension fund, ATP, has posted bumper Q1 investment returns of DKK5.4bn (US$985m) before tax, with listed domestic equities.

DENMARK - PensionDanmark released figures showing premiums grew 12% in the first quarter of 2007.

DENMARK - The Danish pension system is vulnerable to low interest rates, low equity and property prices and needs to be closely monitored, according to an IMF report released yesterday.

DENMARK - Janus subsidiary INTECH has been awarded a US$330m enhanced equity mandate from Pensionskassernes Administration, Denmark's largest administrator for occupational pension funds.

Denmark - PensionDanmark achieved a 7% investment return, equivalent to DKK3.6bn (€480m) for 2006, as the firm just beat its strategic benchmark.