Hedge Funds Haven’t Lost Appeal for Biggest Danish Pension Fund
- ATP CEO Stendevad says burden of proof is on hedge funds
- Fund made 12.3% return in the first nine months of 2016
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As a number of prominent pension funds stop using external managers they say charge too much in exchange for paltry returns, the biggest pension fund in Denmark is bucking the trend and sticking with the hedge funds it uses.
“In our case, funds have played a small but a good part in our portfolio,” Carsten Stendevad, the chief executive officer of ATP, which oversees about $118 billion in assets, said in an interview in Copenhagen.