As of the end of 2025, the fund holds approximately USD 100 million in US Treasuries. Chief Investment Officer Schelde cited Trump's threat to take over Greenland as one of the reasons for selling US Treasuries.
Danish pension fund giant AkademikerPension plans to fully exit its investment in US Treasuries by the end of this month, citing growing concerns over credit risks stemming from the sustainability of US fiscal policy and its policy direction.
According toBloombergIn a report on Tuesday, Anders Schelde, the fund’s Chief Investment Officer, stated in an interview: “The United States is essentially no longer a reliable credit entity, and in the long term, the fiscal situation of the US government is unsustainable.”
AkademikerPension primarily manages pension assets for teachers and academic staff, with an asset management scale of approximately USD 25 billion. Schelde revealed that as of the end of 2025, the fund holds around USD 100 million in US Treasuries. The only reason for continuing to hold US Treasuries at present is risk and liquidity management, but “we believe alternatives can be found.”
Schelde listed Trump’s threat to take over Greenland as one of the reasons for selling US Treasuries.
On Monday evening local time, Trump reiterated that the US must gain control over Greenland and expressed that he does not believe the EU would offer “excessive resistance” on this issue. This statement continues his previous territorial claims regarding Greenland, a Danish territory, further escalating tensions between the US and Europe.
However, he also pointed out that concerns about fiscal discipline and a weakening dollar similarly provide reasonable grounds for withdrawing from US assets.
AkademikerPension’s decision highlights rising concerns among some European long-term funds about the credibility of US sovereign debt and policy uncertainty.
Editor/Melody
