ATP

ATP is a mandatory pension scheme for Danish workers with 5 million members and DKK800 billion ($120 billion) in assets. ATP's investment strategy is built on producing stable future pension cash flow streams. ATP has divided its assets into two portfolios: a hedging portfolio (composed of long-dated fixed income instruments and real assets) and a return-seeking portfolio (a risk parity approach with 4 risk factors) that invests ATP's free reserves. ATP also processes DKK230 billion ($35 billion) in benefits yearly.