PensionDanmark Sees Bond-Beating Options in UN Climate Fund
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PensionDanmark A/S, the retirement fund that’s invested about $1.8 billion in renewable energy, may consider developing country projects for the first time as the United Nations-linked Green Climate Fund opens today.
“The Green Climate Fund could be an interesting partner for pension funds” if it reduces the risks from investing in emerging markets, Torben Moger Pedersen, Chief Executive Officer of PensionDanmark in Copenhagen, said by phone. “We are facing the same challenges as other pension funds. Yields on government bonds are very low and not an attractive safe haven.”