ΆΩ±π²Τ³Ύ²Ή°ω°μβs&²Τ²ϊ²υ±θ;AP Pension is expanding its investment team for alternatives to meet greater staffing needs for its current property investment activity, as well as future plans.
The DKK103bn (β¬13.8bn) mutually-owned pensions provider is searching for someone to fill the newly-created role of senior portfolio manager for alternatives.
Peter Olsson, previously AP Pensionβs head of property investments, has now been promoted to the position of managing director of the pension fundβs property unit, AP Ejendomme, the pension fund said.
SΓΈren Dal Thomsen, chief executive of AP Pension, said: βAt AP Ejendomme, there are now a lot of projects either running or about to run, and therefore we need more hands.
βWe are involved in construction projects worth more than β¬250m, and the possible pipeline is of the same size.β
Most of this current real estate investment is in the residential sector, located mainly in Copenhagen and Aarhus.
βThe key focus for the alternative strategy is to be close to the investment,β Dal Thomsen said.
βWith the current activity, and the future plan, we simply need more hands.β
AP Pension said its strategy was to increase its investments in alternative investments β credit, real assets, private equities and opportunistic investments β over the coming year.
In the job advertisement, the fund said it believed that, to implement this strategy successfully, it needed to be an active owner of these investments.
For this reason, it said, it wants to increase resources in this area.
AP Pension has also taken on a new CIO in the last few months.
Ralf Magnussen was appointed by the pension fund at the beginning of September to become CIO, replacing .
Magnussen came to AP Pension from LΓ¦gernes Pensionskasse, the Danish doctorsβ pension fund.
