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State Street Loses Danish Fund Mandate After Climate Review
State Street Global Advisors lost a mandate it had with a Danish pension fund, as part of a review that included an assessment of the Boston-based asset manager’s climate commitments.
AkademikerPension, which manages about 145 billion kroner ($21 billion) of client assets, recently informed State Street of its decision, said Anders Schelde, the fund’s chief investment officer. State Street has been overseeing 3.3 billion kroner for the Danish pension, he said.