Pension Fund ATP Says It May Need to Cut US Assets, Citing Risks

Denmark’s second-biggest pension fund, ATP, says it may need to cut its exposure to US private markets, as it joins other asset owners in reconsidering the risks associated with American investments.

An ongoing evaluation is now underway at the $112 billion pension plan, which is based on “an assessment of the political system in the United States in a broad sense,” Chief Executive Officer Martin Præstegaard said in an interview. The US has “performed very well for many years,” but the question is “whether that can continue.”