Denmark’s PFA lures Industriens CIO to co-head new investment team

first_imgPFA Pension, Denmark’s largest commercial pension fund, has put a new asset management team in place following the loss of its joint heads of the division to Danica earlier this year, poaching Henrik Nøhr Poulsen from his job as CIO at Industriens Pension.PFA Pension, which manages assets of DKK552bn (€74n), said it appointed Nøhr Poulsen as one of the three directors of its subsidiary PFA Asset Management.He will take up the post on 1 December.The other two directors of the three-man management team will be Christian Lindstrøm Lage and Rasmus Bessing, who are already in their roles as directors. In the new management team, Nøhr Poulsen will be in charge of equities and alternative investments, while Lindstrøm will be responsible for fixed income and credit, and Bessing for back and middle office.Henrik Henriksen, PFA’s chief strategist – who has been acting as the third director of PFA Asset Management alongside Lindstrøm Lage and Bessing recently – will continue is his role as part of the leadership team in PFA’s investment and risk business area, with particular responsibility for investment strategy, client mandates and communication.In May, Danica announced that it hired the joint managing directors of PFA Asset Management Poul Kobberup and Jesper Langmack.Danica said at the time the appointments were part of the new investment strategy conceived by its CFO Jacob Aarup-Andersen and approved a year ago.Following that announcement, PFA said its group director Anders Damgaard would take over the daily management of PFA Asset Management.Once the three permanent directors are in place, Damgaard will continue to have overall responsibility for PFA’s investment strategy, including PFA Asset Management’s activities.Anders Damgaard said: “It is a pleasure to be able to say we now have a strengthened and forward-looking team in place in PFA Asset Management.”He said PFA had taken the current team as the basis for identifying those areas that would be strengthened further.No one at PFA was immediately available to say which these areas were.Damgaard Jensen said the new leadership at the asset management division was built on the strong investment team it already has, and that some new faces would be joining this team.Erik Hallarth is coming to PFA as chief portfolio manager, while Henrik Nordestgaard – who has been a director at Barclays Capital in London for the last few years – will join PFA Asset Management shortly.Hallarth was previously CIO at Denmark’s AP Pension.last_img read more

ACC tournament to continue without fans, other conferences cancel

first_imgUPDATED: March 12, at 12:02 p.m.GREENSBORO, N.C. — The Atlantic Coast Conference Tournament is continuing as scheduled, league commissioner John Swofford announced on Thursday. “Right now we are ready to tip the afternoon session,” Swofford said. “We want to provide an opportunity to continue to compete for our players.”The situation is “fluid” and is being monitored at an hourly rate, the commissioner said. The decision was made with “complete consensus” among school presidents and athletic directors, Swofford said. Syracuse Athletics could not be reached for immediate comment. Loading…AdvertisementThis is placeholder text“Hopefully we won’t have to make another decision in the next few days, but we will if we have to do so,” Swofford said. Shortly after Swofford’s press conference ended, the Big Ten, Big 12, Southeastern and American Athletic Conference canceled their men’s basketball tournaments.“There was no way we could defend playing this,” AAC commissioner Mike Aresco told Yahoo Sports.  “We wanted to be proactive in protecting our student athletes.” During Syracuse’s 81-53 win over North Carolina on Wednesday night, the NBA suspended its season and other NCAA teams sat quarantined inside locker rooms at other conference tournaments. Speculation immediately arose as to what’s next for the ACC tournament, which decided before SU’s win that limited fans would be allowed inside the Greensboro Coliseum for the remainder of the tournament. MORE COVERAGE: ACC cancels men’s basketball tournament amid spread of coronavirusInside the confusion at the ACC tournament amid coronavirus restrictionsACC tournament to follow NCAA, Big 10,Big 12 in restricting fan accessSyracuse men’s lacrosse game at Rutgers to be played without fansHow coronavirus may affect Syracuse athleticsSwofford said the main difference between the ACC and NBA’s decision is that an NBA player tested positive for coronavirus. No NCAA men’s basketball player has reportedly been tested as of Thursday morning.The conference tournament will continue without fans starting with Florida State and Clemson. Tip-off is set for 12:30 p.m. All games will be played with “essential tournament personnel, limited school administrators and student-athlete guests, broadcast television and credentialed media members present,” a press release from the conference from Wednesday said.  No. 6-seed Syracuse will once again finish out the day of games playing against No. 3-seed Louisville at 9 p.m. Orange players acknowledged the possibility of playing in an empty gym following Wednesday’s win. “Obviously it’s a different feel,” Buddy Boeheim said. “It’s going to be much different. Our fans are great on the road. Definitely a setback, we need to treat it like another game, the same thing.”This story has been updated with additional reporting.Senior staff writer Nick Alvarez contributed to this report. Comments Published on March 12, 2020 at 10:55 am Contact Josh: [email protected] | @Schafer_44 Facebook Twitter Google+last_img read more


first_img 9 Comments   Share   Grace expects Greinke trade to have emotional impact Arizona legend Kurt Warner gave his thoughts on the team’s quarterback situation during an interview on 98.7 FM Arizona’s Sports Station’s Doug & Wolf.“It’s always more pressure when you’ve got a guy looking over your shoulder and you’ve got people clamoring for the young guy,” Warner said. “You’re in a situation where you know everybody wants to start the future. Now that doesn’t mean that they don’t want Sam (Bradford) to play right now and have a great season, it’s just that we know this guy is the future.”Related LinksGov. Doug Ducey talks Bradford-Rosen debate, stadiums and Arizona sportsQB Josh Rosen will play ‘when the time is right,’ Cardinals GM saysArizona Cardinals defense may have to trigger first win of seasonBradford faced two tough defenses to start the season with Washington and Los Angeles. Both teams finished top-four in passes defended last season and are headlined by star defensive backs Aqib Talib, Marcus Peters and Josh Norman. The Cardinals’ difficult schedule will continue on Sunday when they face a Chicago defense that leads the NFL in sacks through two games.Still, Bradford’s role with the Cardinals is threatened by the young gun waiting in the background. There’s no telling when Rosen’s professional journey will begin, but the window is opening for a sooner opportunity with Bradford struggling. Through Bradford’s first two starts, the Cardinals rank dead last in both first downs and third down conversions with 19 and 4 respectively. “[Rosen] is the guy that we expect to lead our franchise for the next decade or so, so when does that era start,” Warner said. “You’re caught between wanting to play great football but also knowing if you have one of those games where you’re trying to play confident and things just don’t go your direction. It could easily not be your fault, right? Now Sam’s in a tough spot to figure out how to play football now with the guys around him and the situation that he’s in so he can continue to play and do what this team needs him to do to win.”Rosen has yet to log any minutes for Arizona in the regular season, but he connected on 16-of-29 passes for 148 yards and a touchdown through two preseason games. Bradford will likely retain the starting position in the near future, but the team’s recent struggles may force head coach Steve Wilks’ into a change of direction moving forward. Former Cardinals kicker Phil Dawson retires Arizona Cardinals quarterback Kurt Warner reacts after the NFL NFC championship football game against the Philadelphia Eagles Sunday, Jan. 18, 2009, in Glendale, Ariz. The Cardinals won 32-25. (AP Photo/Mark J. Terrill)center_img Top Stories Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo It’s been a rough start to the season for the Arizona Cardinals, who’ve dropped their first two games by an average margin of 26 points. In his first two games in Glendale, quarterback Sam Bradford has put up just 243 yards on a completion rate of 60.7 percent.Waiting in his shadow is rookie quarterback Josh Rosen, who was taken with the tenth overall pick in the 2018 NFL Draft. The UCLA phenom finished his senior campaign with 3756 passing yards on a touchdown-to-interception ratio of 26-to-10.last_img read more