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ATP sets sights on non-traditional asset classes with new unit

first_imgATP has set up a unit dedicated to non-traditional assets to identify opportunities currently overlooked by its peers, CIO Henrik Gade Jepsen has said.The Special Situations unit, headed by Niels Christian Wedell-Wedellsborg, will invest in assets that do not sit neatly within the fund’s current investment structure and are therefore at risk of being overlooked – such as opportunities with a combination of equity and debt.“We are very consciously looking at assets that may be hard to fit into traditional asset classes, as they will be the least sought after by the average investor,” Gade Jepsen told the current issue of IPE.He added that the new unit would improve co-ordination between ATP’s subsidiaries, which manage its private equity, real estate and venture-capital holdings. “Today, we have a much closer collaboration between the headquarters and the subsidiaries,” he said.“It is more necessary now than it was 10 years ago when we created the structure because it’s much more difficult today to find good investments.”The CIO also said he was reviewing ATP’s approach of placing assets in five risk classes, rather than more traditional asset buckets.The system, in place since 2006, has seen the fund divide holdings into equity, inflation, credit, interest rates and commodity risk classes, but Gade Jepsen said he was unsure where a change in strategy could take the DKK641bn (€86bn) investor.“I’m not scrapping anything before I know what the answer to the question is,” he said.“We are keeping the five risk classes until we have something new. You need a simple anchor for your thinking in day-to-day life.”For more on Henrik Gade Jepsen’s attempt to future-proof ATP, see How We Run Our Money in the current IPElast_img read more

Peace: Berahino back on track

first_img “I said in the autumn the club had no interest in selling Saido and that remains the case,” he said. “Unless Tony decides otherwise, the view will surely be that he is far too important to us to consider trading. “His goals are capable of keeping us in the Premier League and would be hugely difficult to replace. “I wanted to take this opportunity to clarify the position and the club’s thinking to our supporters now that Saido can put this unhappy chapter behind him.” West Brom chairman Jeremy Peace insists Saido Berahino is “back on track” and reiterated the club wants to keep the striker. Press Association But Peace has moved to draw a line under the incident and believes striker Berahino has returned to form. “This unfortunate episode has been unsettling for the club generally and Saido specifically,” he told the club’s official site. “The club takes seriously the charges to which Saido pleaded guilty and as a result he will be subject to the club’s disciplinary procedures. “What has been pleasing for everyone around the club has been the clear sign that Saido has responded positively to the arrival of Tony Pulis and a new coaching team and is displaying clear signs of showing that where it matters most – on the pitch. “Tony has certainly been delighted with him and it is heartening for everyone to see a young man moving forward in the right direction again. “We have always looked after him and we are all genuinely pleased to see such encouraging signs that he is back on track.” Berahino has scored 14 goals this season and has been linked with Liverpool. The Baggies, who are 14th in the Barclays Premier League after Monday’s 0-0 draw at Everton, have received no bids for the 21-year-old though and Peace reinforced their determination to keep him. The England Under-21 international was banned from driving for 12-months after pleading guilty to drink driving last week. He will be disciplined by the club for the offence, which happened in October. last_img read more

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