Alexander Munk

Functions as a College/University

Industriens Pension is a conservative, long-term manager which focuses on capital preservation and meeting planned withdrawals. They invest in North America, Japan, emerging markets, developed Asia and Europe. Much of their assets are invested in domestic nominal and index bonds, in foreign bonds including nominal and high yield corporate, as well as in emerging market bonds. They also invest a sizeable portion of their assets in listed Danish and foreign equity, and marginally in private equity funds and real estate. The firm's in-house investment department manages Danish and international government and mortgage bonds, and Danish equities as well as manager selection across international equities, bonds and alternative investments. Portfolios are either managed in-house or delegated to external investment managers. Internally managed assets include domestic and foreign treasury, asset-backed securities and the bulk of domestic equity. The remaining Danish equity and special classes of bonds are managed externally, as is foreign equity. Currency risks are hedged through an internally managed passive overlay.

Provides investment advice