ATP Group, Denmark’s largest pension fund, has reported a negative result of DKK 51 billion ($6.8 billion) due to a large negative return in the investment portfolio, according to an interim report for the first half of 2022.
The pension fund’s negative overall return was caused by the general market developments with falling equity markets and rising interest rates, said ATP. In the first half of the year, the investment portfolio generated negative returns of DKK 57.6 billion ($7.7 billion).
“Even though the investment return has been negative this year, ATP’s average returns are still over 10 percent over the past five years and ATP still has a healthy balance between the size of our guarantees and our reserves in the so-called bonus potential,” said Martin Præstegaard, CEO of ATP.
Despite ongoing uncertainty in the market, ATP said it plans to maintain its disciplined appro
