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Danske AM reels in PFA fund manager to support award-winning hedge fund

Reported by Amwatch
Nov 29, 2019· 2 min read
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Key Takeaways
  • • Danske Bank Asset Management hired Anders Fisher from PFA Pension, Denmark's largest commercial pension fund, effective December 1, 2019, to strengthen its hedge fund team.
  • • Danske AM's Danske Invest Fixed Income Global Value fund won the 3-year best performance award in the Nordic region, demonstrating the strength of the asset manager's hedge fund franchise.
  • • The hedge fund was recognized as "Best Performing European Hedge Fund Manager in Fixed Income," competing in a category composed entirely of Nordic nominees, underscoring regional competitive positioning.
  • • Michael Petry, Head of Hedge Funds at Danske Bank, credited the entire team for the award, signaling a systematic, team-based approach to hedge fund management and investment performance.
  • • The hire reflects Danske AM's strategic focus on expanding institutional expertise within its hedge fund division, recruiting senior talent from the Danish pension fund sector.
Summary
Danske Bank Asset Management has strengthened its hedge fund team by recruiting Anders Fisher from PFA Pension, Denmark's largest commercial pension fund. Fisher joined the organization on December 1, 2019, as confirmed by a Danske Bank spokesperson to Citywire Selector. This personnel addition occurs within the context of the asset manager's award-winning hedge fund franchise.

The timing of Fisher's hire coincides with meaningful recognition for Danske AM's investment performance. The firm's Danske Invest Fixed Income Global Value fund secured the 3-year best performance award in the Nordic region. Additionally, Danske AM's hedge fund strategy earned the designation "Best Performing European Hedge Fund Manager in Fixed Income"—a distinction within a category exclusively comprised of Nordic nominees, reflecting intense regional competition among Scandinavian fund managers.

Michael Petry, Head of Hedge Funds at Danske Bank, articulated satisfaction with the award achievement and emphasized that success reflects the collective effort of the entire team rather than individual contributors. This perspective suggests that Danske AM operates a collaborative investment management structure, where portfolio management, risk oversight, and operational support functions work in integrated fashion.

Fisher's background in pension fund asset management at PFA Pension, one of Denmark's leading institutional investors, positions him to bring institutional-grade investment discipline and governance experience to Danske AM's hedge fund operations. The hire demonstrates the asset manager's commitment to scaling its hedge fund capabilities through senior-level talent acquisition from the Danish institutional investment landscape.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Amwatch Danske AM reels in PFA fund manager to support award-winning hedge fund