Magnus Billing

How are large asset owners adjusting their approach to private markets? Join us June 13 for our next LinkedIn Live. We will be joined by Timo Löyttyniemi, CEO of VER, the State Pension Fund of Finland, to discuss how VER’s approach to private markets investing has evolved through the expansion of the private markets arena, particularly through a higher interest environment. Timo will be joined by our own Global Solutions CIO, Niall OSullivan and Andrew McDougall, CFA, CAIA, our Global Head of Multi-Asset. Sign up today. #investing #PrivateMarkets #investments

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The Financial Times has published an interview with Jacob and Marcus Wallenberg, in which they discussed the ongoing work with the succession planning and how the Wallenberg Ecosystem is expected to continue developing going from the fifth to the sixth generation of the family. “The activities that the family is involved with have expanded quite significantly over the years, and so that requires probably more people . . . Our hope and wish is that they would work as a team because we believe that this is going to be the most powerful outcome. The environment has changed drastically over those years in terms of regulatory issues, the size of the businesses”, Marcus Wallenberg. Read the full article here to learn more: https://lnkd.in/dFVCWMA9 The Wallenberg Ecosystem includes: Wallenberg Foundations, Wallenberg Investments AB, FAM AB, Navigare Ventures, Nineteen Private Capital, Investor AB, Patricia Industries.

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The upcoming elections to the European Parliament may cause a major blow to sustainable investments in Europe, impacting investors and the investment industry, Flemming Højbo writes in his latest analysis for AMWatch. If there is a political shift to the right, anti-climate voices will become more influential, and this may limit green EU initiatives. Furthermore, other issues – such as the war in Ukraine – are now dominating the political agenda in Europe. This looming threat against green policies seems to be a far cry from the situation five years ago when the newly elected president of the European Commission, Ursula von der Leyen, stated that “our most pressing challenge is keeping our planet healthy.” Now, her own party, the Christian Democrats of Germany, wants to roll back some of the green EU legislation. #assetmanagement #assetmanager #sustainability #bankingindustry #financialmarkets #greentransition #EU #Europeanparliament #Europeancommission #investments

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CFA Society Norway, along with other Nordic CFA Societies, has been invited to participate in Diversity Project Europe’s DE&I survey. The deadline for the survey is Friday, 26 April 2024. As a participant, you will gain access to a detailed report assessing the DE&I maturity across the sector, a summary of DE&I regulatory considerations, and suggested steps forward. Additionally, you will have the opportunity to attend an exclusive briefing to discuss the findings and their implications for the industry. Participants can also request a confidential benchmarking of their organisation's DE&I maturity, offering valuable insights into your company's standing and potential areas for enhancement. Completing the survey should take approximately 45 minutes, with optional sections covering gender representation and social mobility data within your organization. All information provided will be kept strictly confidential and used solely for the purpose of this study without any ranking of participating organisations. You can access the survey here: https://lnkd.in/db2piJE3   Your contribution to this study represents a vital opportunity to elevate awareness, deepen understanding of the challenges and opportunities in advancing DE&I, and drive towards a more inclusive future for the European asset management sector. Diversity Project Europe thanks you in advance for your valuable input and look forward to your participation. If you have any question, suggestions or need any clarifications, do not hesitate to reach out to [email protected].

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Gofore Plc’s Interim Report January-March 2024 is published 🗞️ CEO Mikael Nylund: "Although risks remain in both geopolitics and macro economy, we believe that the growth lever from the market is strengthening." • Gofore was not immune to industry over capacity and price competition, but managed to maintain good profitability. Adjusted EBITA 6.8 (8.3) million euros, 13.8%. • No net sales growth, 0%, net sales were 49.2 (49.1) million euros. Organic growth -2%. • Beginning of the year saw ending projects and savings measures that put a strain on the utilisation rate. • Improving demand and sales successes lead to a moderate improvement in utilisation rate towards the end of the quarter. • There was one less working day than in the comparison period, profitability impact of an estimated 0.7 million euros. • Customer prices rose +0.9%, average salary +2,2%. • Number of employees grew to a total of 1,456 (1,354) people. Read the report on our site: https://hubs.ly/Q02trm-k0 #GoforeIR

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Sharing some insightful thoughts from Jonas Tulldahl, Head of Corporate Development at Storskogen. Jonas highlights AI as one of the most promising business opportunities today and details some of the initiatives Storskogen is implementing - such as our AI platform that allow business units to test various AI use-cases with minimal investment required. Reflecting on this, it's evident that we are witnessing a rapid shift towards AI implementation. We are without a doubt in the starting phase of continued massive dispruption and it will be exciting to see what will happen to those who believe that their business is immune to AI disruption (which they likely aren't). The future belongs to the agile, those with a culture of trying, testing, and daring to innovate. ping Patrick Couch

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Now things are happening in the EU. The important climate value of the forest is not as a #carbon garage. The use of forest products instead of fossil based products is the smart long-term #sustainable solution. Here explained by many of the EU countries governments. Great hope now for the #bio-economy future.

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Markets think inflation will be too high for the next 20 years 👩‍🎓 This is the key takeaway in a new blog post by Jesper Rangvid from Copenhagen Business School From current rates on nominal and real bonds, we can infer expected real interest and inflation rates. Markets anticipate that real interest rates will remain slightly higher than 2% for the foreseeable future. They also expect inflation to exceed the 2% target for the next 20 years. The latter poses a challenge for central banks. The market anticipates that U.S. inflation will average 2.3% per year over the next decade. Between 2034 and 2044, expectations are even higher, at 2.65%. Consequently, the market lacks confidence in the Fed’s ability to steer inflation back to its 2% target over the next two decades. Given the significance of inflation expectations for monetary policy and the inflationary environment, this poses a challenge for the Fed.

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Partner Mikael Borg has co-authored a book on regulation and application issues in the Swedish corporate bond market (Swedish: ”Regelfrågor på den svenska företagsobligationsmarknaden”). A total of 29 researchers and practitioners have co-authored the book, that combines scientific and practical perspectives on the challenges that the market and its actors are facing, to shed light on the market’s function and significance, as well as its continued strong development. More information can be found here: https://lnkd.in/dmyTd5Ai

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Why is NewImpact a nonprofit? Jens Molbak explains the reasoning behind this decision. Jens believes the idea of tri-sector solutions is incredibly powerful. While he sees great investment potential in tri-sector models, limiting it to a fund would only benefit a small number of companies. By creating a nonprofit, Jens aims to make this approach widely accessible and beneficial for society as a whole. Though building a nonprofit is challenging, Jens is committed to this path because he wants to collaborate with universities and other organizations to teach and scale these solutions for greater impact. WATCH ▶️Profit and Purpose: Jens Molbak's Tri-Sector Model https://lnkd.in/gmTyjg9p #BroadcastYourAuthority #JensMolbak #NewImpact #Philanthropy #SocialInnovation #TriSector #Entrepreneurship #BusinessGrowth #PositiveImpact #Inspiration

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Ulf G. Erlandsson Erlandsson, founder and chief executive officer of the Anthropocene Fixed Income Institute, joins OMFIF to discuss the importance of fixed income markets for the climate transition. Sharing insights from AFII’s Sustainability-Linked Bond Handbook, Erlandsson explores the latest innovations in sustainable financial products, the nuances of SLBs and the potential for their continued development. #sustainablefinance #sustainability #sustainabilitylinkedbonds #SLBs #ESG

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Alfred Berg Kapitalforvaltning appears to be on a long winning streak. “The timing is at the point where we are pinching ourselves and starting to think something bad is bound to happen, markets will crash or something bad, because as of now everything is very, very good,” Kristoffer Sønnervik, Director of Institutional Investors, tells AMWatch. After “very strong growth” in its assets over the course of several years, the independent Nordic asset manager continues to snap up market share in Norway, which makes up the lion’s share of its assets under management by some margin, Sønnervik says.   Alfred Berg now holds 6.7% of the Norwegian market after more than doubling its share from 3.1% at the end of 2015. #assetmanagement #fundmanagement #assetmanager #fundmanager #investments #financialmarkets #Norway

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Handelsbanken Market is delighted to pay attention to Platzer Fastigheter issue of SEK 340mn senior unsecured Green Bonds under their newly updated Green Finance Framework. The Framework is an update of Platzer's original Green Debt Framework from 2021, and was finalized in July 2024. The updated Framework has been developed to reflect Platzer’s latest sustainability strategy and has integrated the most recent market trends, including consideration of the EU Taxonomy´s technical screening criteria for substantial contribution to climate change mitigation and adaptation. The Framework has been reviewed by S&P Global Ratings and received a score of “Medium Green.”    Platzer increases the share of green bond funding with the long term target for all funding to be sustainable. The Platzer share has had a Green Equity Designation on Nasdaq since June 2021. #platzerfastigheter #greenbonds

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Here’s a recent example of how asset managers are reporting on their impact: Mandatum Asset Management’s Responsible Investment Review 2023. Mandatum AM has previously used Upright’s net impact data in their direct equity and fixed income investments. Now, they have also incorporated science-based net impact data into the portfolio management of their asset allocation strategies. In the image below, you can see the Upright net impact profile for Mandatum AM Senior Secured Loan Fund (“SSLF”), an Article 9 SFDR fund for professional investors. The fund is defined by using Upright’s net impact data as a criterion: Both the fund and individual must meet certain minimum requirements in each of the four impact dimensions of the Upright model: society, knowledge, health, and the environment. See the whole 2023 review here: https://lnkd.in/dQtanAkG

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Five Key Things to Watch in the Financial Markets This Fall As we head into the fall, navigating the financial markets requires sharp focus and strategic insight. My dear colleague Thomas Thygesen just posted this article outlining five critical factors to look out for that could shape market dynamics in the coming months. Whether you're an investor, analyst, or just interested in the financial landscape, these insights are essential for staying ahead of the curve. I can strongly recommend Thomas perspectives on the financial markets and global economy if interested. Follow SEB dive into the trends, risks, and opportunities that could define the season. Stay tuned and ready to adapt! Footprints matter, Christian #SEB #CivilizationOfInvestors #FinancialMarkets #InvestmentStrategy #MarketTrends #Fall2024 #FootprintsMatter

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With DNB’s upcoming takeover of Sweden’s Carnegie Group, Handelsbanken Fonder may face increased competition. On the other hand, the emergence of a big Norwegian player on the Swedish fund market is also part of a consolidation trend towards fewer and bigger fund companies. This trend is of some concern to Magdalena Wahlqvist Alveskog, who has a dual role as CEO of Handelsbanken Fonder and chair of Fondbolagens Förening, The Swedish Investment Fund Association. One of her concerns is the new procurement system for the country’s premium pension platform, which will, almost inevitably, will lead to fewer independent asset managers. According to Alveskog, the Swedish fund industry has a good reputation for being competitive and having many different players of varying sizes. “I hope we don’t miss out on that. The smaller ones have their niches. We, the bigger ones, probably have a broader spectrum, but it’s always good to have competitors fighting us in different segments to keep us on our toes,” she tells AMWatch in an interview. #assetmanager #assetmanagement #fundmanager #fundmanagement #investments #fundindustry #financialmarkets #bankingindustry #Nordic

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A group of global pension funds are calling on governments at COP16, to take action on the biodiversity crisis. Leading the initative is Laura Hillis at The Church of England Pensions Board together with HESTA, Caisse de dépôt et placement du Québec (CDPQ), Universities Superannuation Scheme (Ltd) and Sjunde AP-fonden, AP7. Flora Gaber at Sjunde AP-fonden, AP7 says: “Biodiversity loss is a risk to our entire global economic system. This is a systemic risk which investors cannot avoid through diversification. Businesses must contribute to a nature-positive society in order to maintain long-term profitability. And this is most feasible to achieve with consistent regulations and policies around the world. It is in the interest of all companies, investors and governments.” Æquo Aegon AkademikerPension Första AP-fonden (AP1) Tredje AP-fonden (AP3) Fjärde AP-fonden (AP4) Australian Ethical Investment Brightwell Brunel Pension Partnership Limited CalSTRS Cbus Super Fund Ethos Fund Greater Manchester Pension Fund Länsförsäkringar London LGPS CIV Limited Office of the New York City Comptroller NN Group Scottish Widows @strathclydePensionFund People's Pension Holding United Nations Joint Staff Pension Fund (UNJSPF)

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The Memorandum of Understanding between Sweden and Zambia under the Paris Agreement is a prime example of the growing collaboration between European and African nations in addressing climate change. This partnership, like Germany's renewable energy initiative with Morocco and France's solar power support in Senegal, demonstrates how these alliances can significantly reduce emissions while enhancing local energy systems and benefiting communities. In response, it's crucial for more West African countries to actively pursue similar collaborations. These partnerships not only help meet global climate goals but also drive local economic growth and build resilience. By seizing these opportunities, our region can accelerate its journey towards a sustainable and prosperous future. 😎 🌴 #ClimateAction #SustainableDevelopment #ParisAgreement #AfricaEuropePartnership #RenewableEnergy

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