State Street Corporation has been appointed by Industriens Pensionsforsikring A/S (Industriens Pension) to provide investment analytics services for the funds private equity investments.
As we expand our alternative investment portfolios, we require a more robust and cost-effective administrative solution, says Henrik Nhr Poulsen, head of equities at Industriens Pension. Leveraging State Streets complete investment analytics solution allows us to spend our time analyzing the new level of insight and transparency that State Street brings, instead of spending this time collecting and processing data.
Niels Hagemans, vice president of State Streets alternative investment solutions team, says: We are pleased that Industriens Pension has chosen State Street to expand its private equity services. As the market and regulatory environments become more challenging, we see an increased demand from European investors to provide additional insight for their alternative investment strategies. Our deep experience in servicing the largest pension funds private equity portfolios will help Industriens Pension create additional efficiencies and focus on their growth objectives.
(CM)