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Pensionskassernes Administration, a Denmark-based fund that manages about $25 billion, plans to invest $370 million in farmland globally, said Jens Henrik Staugaard Johansen, a portfolio manager.
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“We plan to make the commitment by April 2012,” Johansen said today at a conference in New York. “We will look at owning and operating the farmlands.”
The fund is looking at acquiring farmland in Africa, the Oceania region, Latin America and Central and Eastern Europe, Johansen said. Pensionskassernes manages funds on behalf of pension funds with 250,000 members.
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Source: Bloomberg