PKA’s CIO on risk transfer and factor investing
Risk30: Low volatility means Danish fund is making rapid gains on existing structural trades, but sees fewer opportunities for new ones
This is the seventh of 10 interviews marking Risk’s 30th anniversary. An introduction to the series – and links to the other articles – is available here.
Denmark leads the world in a number of disciplines. It is a big exporter of insulin, grass seed, wind turbines and small, brightly coloured, interlocking plastic bricks, for example. It is also a big importer of risk positions from the world’s dealers of retail structured products.
Danish pension fund PKA was one of the trailblazers here –
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