Bloomberg – Kirsten Gosvig’s pension fund bought a $485 million stake in Denmark’s largest offshore wind-power project, an investment that’s forecast to earn at least twice the average historical return of hedge funds.
PKA Ltd., which manages retirement money for the 40-year- old nurse, will earn 7 percent to 9 percent a year on the Anholt wind farm. That’s the view of PensionDanmark, which joined PKA in the first investment ever by pension funds in an unbuilt wind park at sea. The return would beat the HFRX Global Hedge Fund Index’s 2.8 percent compounded annual gain in the last 10 years.
