Alecta, Sweden’s largest pension fund, has appointed Henrik Gade Jepsen as chief investment officer (CIO). Jepsen is one of Europe’s most experienced CIOs, and comes to Alecta from Danske Bank, where he was head of asset management. He will begin 1 December, leaving a three-week gap between the departure of the outgoing CIO, Hans Sterte. This gap will be filled by Alecta’s CEO, Magnus Billing 

Alecta, Sweden’s largest pension fund, has appointed Henrik Gade Jepsen as chief investment officer (CIO). Jepsen is one of Europe’s most experienced CIOs, and comes to Alecta from Danske Bank, where he was head of asset management. Previous to this role, he spent 17 years at Denmark’s largest pension fund, ATP, including five as CIO.  

 He will begin 1 December, leaving a three-week gap between the departure of the outgoing CIO, Hans Sterte. This gap will be filled by Alecta’s CEO, Magnus Billing 

 Gade Jepsen on growing pension assets in today’s market: “It’s very difficult to be safe, and especially regarding a big portfolio. So I think what you should look at are things like stringent risk management. For example, are there uncompensated risks in your portfolio that you could be hedging away? Or can you implement your strategies in a more cost-effective way? Or can you improve risk diversification? So there are big and small things, and you have to focus on what you control and accept that you cannot change the market. If the entire market is going down it is extremely difficult to avoid losing money, but using good risk-management techniques is probably the way to limit your losses. I think that’s probably a more realistic way to look at things, rather than thinking you can take your risk down to literally nothing and then get back in when the time is right – which I think is very hard, especially when you’re running a big portfolio.”  

 Source: https://www.ipe.com/news/alecta-tempts-former-atp-cio-gade-jepsen-to-fill-top-investment-role/10063251.article