ATP ditching swaps for bricks-and-mortar hedges

Denmark’s biggest pension fund retreating from higher costs, lower liquidity

chresten-dengsoe-for-web
Chresten Dengsøe, ATP

It only takes 40 minutes to get from Copenhagen's central train station to Hillerød, home to ATP, the country's biggest pension fund, but the sleepy town of 30,000 feels a very long way f