Archive · 21 Jan 2026
Danish Fund Exits US Treasuries Amid Market Turmoil
A big pension fund in Denmark, called AkademikerPension, is selling all its US government bonds.
The fund, which manages money for teachers and academics, thinks the US government's money situation is not good and might cause problems.
The fund's boss, Anders Schelde, said they don't think the US is a safe place to invest money anymore.
They also mentioned that the US president's actions, like talking about taking over Greenland, made them worried.
So, they decided to sell their US bonds and find other places to invest their money.
This decision comes as US stocks are falling, the dollar is getting weaker, and there are concerns about a trade war with Europe.
AkademikerPension, a Danish pension fund, plans to exit US Treasuries by the end of January 2026.
The fund manages around $25 billion in savings and held about $100 million in US Treasuries at the end of 2025.
Chief Investment Officer Anders Schelde cited credit risks, fiscal concerns, a weaker dollar, and Trump's push for Greenland as reasons for the exit.
US stocks tumbled, the dollar weakened, and long-term Treasury yields edged higher due to growing unease among investors.
Trump threatened to impose tariffs on several European allies unless they backed US efforts to acquire Greenland, escalating transatlantic tensions.
- Who
- AkademikerPension, a Danish pension fund managing $25 billion, primarily for teachers and academics.
- What
- The fund is planning to exit its holdings in US Treasuries by the end of the month.
- When
- The announcement was made on 21 January 2026, with the exit planned by the end of the month.
- Where
- The decision is made by the fund's headquarters in Denmark, affecting its US Treasury holdings.
- Why
- The fund cites concerns over credit risks, fiscal discipline, a weaker dollar, and unsustainable US government finances, as well as Trump's push for Greenland.
- Fund Name
- AkademikerPension
- Assets Managed
- $25 billion
- US Treasuries Held
- $100 million (end of 2025)
- Reason for Exit
- Credit risks, fiscal concerns, weaker dollar
- Key Figure
- Anders Schelde (CIO)
- Date of Announcement
- 21 January 2026
- Primary Concern
- US government finances unsustainable
- Additional Concerns
- Trump's Greenland push, market instability
- Market Impact
- US stocks tumble, dollar weakens, Treasury yields rise
- Tariff Threats
- 10% on February 1, 25% on June 1
- European Response
- Denmark and Germany reject Greenland sale
- Potential GDP Impact
- Up to 0.3% reduction in European GDP
Sources
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