Danish pension and insurance providers ploughed nearly three times as many resources into unlisted assets in 2018 and 2019 as they did into listed equities, according to the latest central bank statistics, which quantify the continuing investment trend.The central bank – Danmarks Nationalbank – also revealed that unlisted equities had given pension providers higher profits than quoted stocks, with the more liquid securities returning 18.7% between January 2018 and December 2019, while unlisted shares had generated 20.4%.The bank said: “Unlisted investments now account for close to one fifth of I&P (insurance and pensions) companies’ total investments.”Insurance and pension companies – the assets of which are mostly pensions savings since Danish pension funds are largely incorporated as life insurers – invested DKK37bn (€4.9bn) into listed equities in the two-year period 2018/19, and DKK101bn in unlisted assets, the bank reported. Over recent years, it said in the statistics release, low bond yields and low expected returns on other assets had prompted insurers and pension funds to continue investing more in unlisted assets such as wind farms, infrastructure, forestry, unlisted enterprises, private equity funds, properties and alternative types of debt.The bank said its newly-developed statistics provided a comprehensive overview of this development for the first time.In the last two years, I&P companies’ investments in unlisted assets increased to DKK803bn in December 2019 from DKK606bn, said Danmarks Nationalbank.“This increase was fairly evenly distributed between new investments and fair value appreciations,” it said, adding that unlisted investments now accounted for almost a fifth of the sector’s total investments.The new statistics consist of data reported since early 2018 by the 45 largest insurance companies and pension funds in Denmark.The central bank said in December that it was ramping up its publication of data on the insurance and pension sector, as the industry became a more and more important part of the Nordic country’s economy.
Whitaker turned pro in 1984 after the Olympics and went on to become a world champion in four different weight classes: lightweight, light welterweight, welterweight and light middleweight.In his professional career, he had 40 wins (17 of which were by knockout), four losses and one draw. He was recognized by boxing publication Ring Magazine as Fighter of the Year in 1989. In 2002, the magazine ranked him the 10th greatest boxer of the last 80 years. (CNN)-Pernell “Sweet Pea” Whitaker, considered one of the greatest lightweight boxers of all time, died Sunday after he was hit by a vehicle in Virginia, police said.He was 55 years old.Officers received a call around 10 p.m. ET about a incident involving a vehicle and a pedestrian, Virginia Beach police said in a news release.The pedestrian, who died at the scene, was later identified as Whitaker.The driver remained on site with police, the release said, and the investigation remains active.“We lost a legend truly one of boxing’s greatest Pound 4 Pound champions my father Pernell Sweetpea Whitaker,” his son, Domonique Whitaker, wrote in a Facebook post. An illustrious careerWhitaker, a southpaw known for his defensive prowess, grew up in Norfolk. As an amateur boxer, his record was 201-14 with 91 knockouts. He won Olympic gold at the 1984 Summer Games in Los Angeles and also won gold at the 1983 Pan American Games and silver at the 1982 World Championships. Whitaker retired from fighting in 2001 and worked as a trainer. He was inducted into the International Boxing Hall of Fame in 2007.