ATP, Denmark’s biggest pension fund, may invest in a rescue vehicle that Europe is planning to set up to help save the most indebted members of the region, Bloomberg reports. The special purpose vehicle (SPV) will attract external funding from sovereign wealth funds and private investors.
Information about the structure of the investment vehicle will be made known in November. Euro zone leaders decided this week to increase the European Financial Stability Facility (EFSF) to $1.4 trillion by insuring new debt and creating the new vehicle. Earlier in 2011, ATP, which holds $88 billion in debt securities, said it will not put its money in EFSF bonds as it only targets the safest securities.
Click here for the release from Bloomberg.
