Henrik Nordestgaard

PFA AM is an active, prudent, long-term manager which aims to create value for both internal and external customers by investing in equity and fixed-income across market-caps and sectors.

PFA-AM is an active, long-term manager which constantly focuses on monitoring and optimizing risks in their core areas of expertise and on minimizing risks where uncertainty is greater. They seek to influence companies to move in the direction of responsible value creation, aiming to ensure the highest possible long-term returns. The firm selects and deselects funds from the PFA platform, segregated accounts and across asset classes. They utilize a combination of internal and external managers, outsourcing where they think they do not have the ability to manage top performing products. They have both active and passive equity funds. PFA-AM screens and evaluates investments regularly. Activities which are in violation of PFA's standards and guidelines are entered on a focus list, dialogue is commenced and an engagement procedure is initiated to bring about a change in the company's practices.

ATP is an active, long-term, fundamentals-based manager which allocates assets among domestic and foreign bonds, equities, real estate and infrastructure in order to generate as high a return as possible for the pensioners. In addition to ensuring high returns, the firm also invests based on a philosophy of social responsibility in investments. This means that ATP only invests in companies that comply with legislation and international conventions. The way ATP invests includes the following four key elements: (1) hedging of the interest rate risk on pension commitments; (2) effective risk diversification of return on the investment portfolio must be stable and as independent of the business cycle as possible. Therefore, ATP spreads the risk as effectively as possible around four risk factors; (3) focus on strong investment processes; and (4) appropriate level of risk are regularly adjusted in relation to the size of ATP's reserves.