ATP Reaps Rewards from Cautious Approach
26 April 2012 (PLANSPONSOREurope.com) - A cautious risk-averse, balanced approach has helped Danish pension fund ATP deliver bumper returns, director Lars Rohde has told PLANSPONSOR Europe.
The fund’s Q1 report reveals:
• profit of 3bn DKK
• reserves increased to 77bn DKK
• ATP received more than 2bn DKK
Rohde told PLANSPONSOR Europe that a cautious approach was necessary for the fund which spreads its investments across five risk classes with all risk categories yielding a positive return in Q1.
“We are living in strange times so we are very cautious going forward. We are not fully employing our risk budgets because we think there is a lot of uncertainty out there.
We still see a debt crisis in Europe and adverse effects on the economy and also of course individual companies. We are very humble about what we don’t know so we are trying to go forward with a very balanced approach where we have these fire risk classes where we try to optimise each risk class. What I am most happy about our Q1 results is over the last five quarters we have had very stable investment results – something like 2 and 5bn DKK per quarter and that is the most secure way going forward for these times.