As part of its shift from active management to passive strategies, Danish pension provider Velliv has announced the dismissal of 18 employees from its investment and IT departments, including the entire Alternatives team. Head of Alternatives Christoph Junge confirmed that the entire team was made redundant as part of Velliv’s broader strategic realignment towards passive strategies, despite the strong performance of alternative investments for the firm. “After seven incredible years at Velliv, my time as Head of Alternatives has come to an end due to a strategic shift that significantly...