KLP, Norway’s largest pension company, has achieved a NOK $7.2 billion ($811 million) return for the first half of the year.
The value-adjusted return on customer funds was 4.4 percent, while the book return was 2.6 percent.
“We are delighted with the very good results, stable operations and good returns on customer funds,” said Sverre Thornes, group CEO of KLP. “Healthy returns in the stock market made a strong contribution to KLP’s results for the first half-year.”
As the pension company for the Norwegian local government and healthcare sector, KLP is investing more of its pension money in companies at an early stage. KLP said it wants to contribute to the best possible development of local communities and the Norwegian business sector.
In June, KLP partnered with Macquarie Asset Management to create a platform for investments in green infrastructure. KLP has invested NOK $2 billion ($225 million) in green infrastructure through Macquarie fu
