Industriens Pension, the Danish pension fund covering industrial sector workers, said it generated a 12% return on its whole investment portfolio last year, with its active management approach having boosted gains.The Copenhagen-based pension fund announced it made an overall return of DKK20bn (€2.7bn) for 2019, equating to 12% for the total portfolio which grew to DKK189bn by the end of the year, according to preliminary results.Industriens Pension said the high return was mainly due to large price increases in the listed stock market, and that unlisted shares and the credit bond market had delivered solid returns.Peter Lindegaard, Industriens Pension’s chief investment officer, told IPE: “In 2019, listed equities in particular boosted returns. At the same time, we beat the composite benchmark in listed equities last year by 1.7 percentage points. “We also exceeded benchmark in government and mortgage bonds, and overall, our active management helped drive the entire return,” he said.Lindegaard, who was promoted to the role of overall CIO in November, said that over the last few years, the pension fund had created “an even more diversified portfolio with greater risk diversification on both unlisted assets such as infrastructure and properties and on various listed assets”.Industriens Pension’s diversified portfolio had ensured really good long-term returns in various market situations, he said.Late last year, Lindegaard restructured the pension fund’s listed investment department after taking the top role, creating separate teams for equities and bonds.He said in December that this change had been prompted by a desire to bring together skills within the large asset classes in focused teams spanning both external and internal management.
RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Kubrat Pulev has confirmed his fight with Anthony Joshua is pencilled in for July 25 amid the coronavirus pandemic. The two are due to clash at the Tottenham Hotspur Stadium on June 20 as Joshua defends his world heavyweight title belts. But the coronavirus pandemic, which was seen all boxing in the UK suspended until at least the end of May, means the original date looks unlikely to go ahead. And Pulev shared artwork of the pair going head to head with a new July 25 date on his Instagram page before declaring that he “strongly believes” the fight can take place on that date. The Bulgarian wrote: “Despite humanity’s most difficult fight to date and the underestimation of the effects on the world of the coronavirus, we will be forced to learn to live in a new, not so pleasant, way that millions of people around the world will be mildly unhappy. “Despite the difficulties, we must find new opportunities to smile, to transform our lives so that despite all the unpleasant things, to remain happy and to believe in a better future, and that all of this is, after all, for good! “This is exactly why, despite my real view of the situation, I strongly believe that a world title match can be held on the new date of July 25th. “Let’s prove that we humans are quickly adaptable, super flexible, with unlimited capabilities, and more powerful than a single virus! “I personally would be very pleasantly surprised if the match took place on this date! This will prove to me that we can be united and live and work in harmony and that we may not be so far behind in thinking!” Joshua’s promoter, Eddie Hearn, confirmed July 25 was the most likely date and is being held by Tottenham as they monitor the situation. Hearn told talkSPORT this week: “We have looked at alternative dates for everything without knowing anything concrete. “We have ongoing conversations with Tottenham to say that if the Premier League extends and does get played in June then we’ll be pushed back. “We do have a date of July 25 held at Spurs as well, which is more realistic. It is five weeks after June 20. But we haven’t gone on sale with that, we haven’t made an official announcement in terms of seat details and on-sale dates, so we have got less pressure on that.”Tags: Anthony JoshuaBOXINGCoronavirusCOVID-19Kubrat PulevReschedule
Fans make their way through some snow to Lambeau Field before an NFL football game between the Green Bay Packers and the Pittsburgh Steelers Sunday, Dec. 22, 2013, in Green Bay, Wis. (AP Photo/Jeffrey Phelps)The black and gold find themselves mathematically alive for a wild card but need a ton of help in order for that reality to occur. In addition, they must win their final two games of the year, starting this week in Green Bay.The Packers will again be without Aaron Rodgers but they aren’t without weapons that the Steelers will need to stop. Big Ben has never played at Lambeu Field and has stated his looking forward to doing so and taking in the nostalgia. Hopefully he can help in making a memory that will last forever for the Steelers.Green Bay Packers’ Andrew Quarless (81) celebrates his touchdown against the Dallas Cowboys during the second half of an NFL football game, Sunday, Dec. 15, 2013, in Arlington, Texas. (AP Photo/Tony Gutierrez)Here are the Keys to A Steelers Victory:1. They must run the football effectively. They have to try to control the clock and keep it away from the Packers offense.2. Creating turnovers is absolutely necessary. The defense must assist in setting up the offense with shorter fields.3. The Packers are going to key their defense on stopping Antonio Brown so Emmanuel Sanders, Heath Miller and Jerricho Cotchery need to pick up the slack and make impact plays down the field and in the red zone.4. Jason Worilds and Lawrence Timmons need to lead the way on defense. They are the two biggest impact players the team has on defense and they must get to Matt Flynn as well as stop Edy Lacy.Here are a Few Things to Watch:1. Eddie Lacy vs. LeVeon Bell-Mike Tomlin stated this week that it was a no brainer for the Steelers to draft Bell over Lacy. Let’s see who shows the other one up this week.2. Brett Keisel-The Diesel is coming back this week and is most likely playing in his 2nd to last game. How will he respond to being off for an extended period of time and how impactful will he be?3. Let’s see how the team responds this week after a big win vs. the Bengals. They looked great a week ago but as we’ve seen all year, they are an inconsistent bunch and it’s always a 50/50 shot on who will show up.4. The team rookies-Jarvis Jones, LeVeon Bell, Vince Williams to name a few. How will they play, how much will they play, when will they play and can they prove they were worth their draft picks? Now’s the time to see what these guys have.Mike Pelaia hosts the website Steel Nation Association www.steelnationassociation.com- Covering the Steelers and helping Children’s Hospital All Day Everyday. You can e-mail him at [email protected]