Financial regulation is rarely cited as the reason for pension fund success, but ATP, the Danish labour market supplementary pension scheme, has government accounting rule changes to thank for its structure and ensuing impressive performance during the past 12 months.
Following an annual 5.9% return over 2007, the largest Danish fund only lost 0.3% through its investments in the first half of this year, but fell Dkr7.3bn to stand at Dkr413.4bn (â¬55.4bn) on June 30.
