Governance
Independent review urges ATP to reassess Danish equity home bias
An independent strategy review recommended that Denmark's ATP recalculate the optimal size of its Danish equity allocation. Bloomberg reported that the state-backed pension fund has a significant home bias and assets of about US$140 billion. The recommendation follows scrutiny of the fund's investment approach and focuses on the role of domestic listed equities in its portfolio.
An independent strategy review recommended that Denmark’s state-backed pension fund ATP recalculate the optimal size of its Danish equity allocation. The review said ATP has a significant home bias. Bloomberg reported that ATP has total assets of about US$140 billion and has been under scrutiny over investment missteps. The recommendation addresses the size of the domestic-equity allocation rather than announcing a change to it.