Danish pension fund PBU - Pædagogernes Pension is in the process of eliminating external managers for its equity investments. The results are strong, CEO Sune Schackenfeldt tells AMWatch. “We are now operating a model that combines the best aspects of active management and what one might call benchmark-aligned investment management, and it has proven to be incredibly strong. By bringing previously outsourced management in-house, we can achieve significant savings while maintaining equal or even better quality,” Schackenfeldt tells AMWatch.