A consortium of 24 Danish institutional investors has now decided also to issue a writ against the issuing banks Morgan Stanley and Carnegie in the action for prospectus liability. This extends the group of defendants in the action for claim for damages against OW Bunker A/S in bankruptcy, relevant Altor units and the former Board of Directors and day-to-day management of OW Bunker of a total amount of approx. DKK 767 million.

In H1, ATP generated a return in the investment portfolio of DKK 14.7bn before tax and expenses, equivalent to a rate of return of 14.6 per cent relative to ATP’s bonus potential – ATP’s free reserves.

In Q1, ATP generated a return before tax and expenses in the investment portfolio of DKK 7.8bn, equivalent to a return relative to ATP’s bonus potential of 7.8 per cent. The return was achieved broadly across the portfolio, but equity investments and credit investments yielded significant positive contributions. In the past five years, ATP has delivered an average return of 3.7 per cent per quarter and achieved positive returns in the investment portfolio in 18 out of 20 quarters.

In 2016, ATP achieved a return in the investment portfolio of DKK 15.3bn before tax and expenses, corresponding to 15.0 per cent relative to the bonus potential. Net results for the year totalled DKK 9.3bn before life expectancy update, but as members’ life expectancy is increasing more than expected, the ATP Supervisory Board decided at the end of H1 to transfer DKK 9.9bn from the bonus potential to the existing guarantees. The annual results thus amount to DKK (0.6)bn.

Four Danish pension companies (ATP, PFA, PKA and Sampension) have decided to join the UN-supported organisation PRI again. In 2013, the pension companies withdrew membership from the organisation, as it did not meet the basic requirements for management structure.