Major Pension Player Akademiker Pension Shifts Away From US Treasury Holdings

A significant move in global financial markets emerged as Akademiker Pension, one of Denmark’s largest pension funds, announced its strategic retreat from the US Treasury market. The decision underscores growing concerns among institutional investors regarding the creditworthiness of American government debt, marking a notable shift in how major European pension funds are positioning their portfolios.

Over $100 Million Position Exits US Government Debt Market

As of late 2025, Akademiker Pension held approximately $100 million in US Treasury securities before deciding to liquidate its position. The decision to exit this sizeable holding represents a deliberate reallocation of capital away from what was once considered one of the safest asset classes in global markets. The fund’s move suggests a reassessment of risk-return dynamics in sovereign debt investments.

CIO Highlights Deteriorating US Credit Quality as Motivation

The driving force behind Akademiker Pension’s withdrawal becomes clear through remarks from the fund’s Chief Investment Officer, who stated that the United States has become “basically no longer a good credit prospect.” This candid assessment reflects deepening skepticism about America’s long-term fiscal trajectory and debt sustainability. Rather than viewing US Treasuries as a risk-free anchor for pension portfolios, Akademiker Pension’s leadership now sees the asset class as carrying material credit risks that warrant portfolio rebalancing.

The decision by Akademiker Pension to exit the Treasury market signals how global institutional money is reassessing traditional safe-haven assumptions, with major pension funds increasingly questioning whether US sovereign debt deserves its traditional AAA-equivalent status in their investment frameworks.