By Frances Schwartzkopff
Source: Bloomberg
The Danish pension fund AkademikerPension is planning to exit US Treasuries by the end of the month, amid concerns that the policies of President Donald Trump have created credit risks too big to ignore.
“The US is basically not a good credit and long-term the US government finances are not sustainable,” Anders Schelde, chief investment officer at AkademikerPension, told Bloomberg on Tuesday.
AkademikerPension, which manages around $25 billion in savings for academics, held about $100 million in US Treasuries at the end of 2025, Schelde said. Risk and liquidity management is the only reason to remain in Treasuries, and “we decided that we can find alternatives to that,” he said.