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Novo Holdings CEO: "Novo Nordisk Foundation's strategy must evolve"

According to CEO Kasim Kutay, Novo Holdings is a somewhat atypical asset manager, which on a mandate from its ownership foundation creates a two-digit return on its investments. It is both an interesting and scary model, which in future will force the Novo Noridsk Foundation to branch out to other geographical areas, he predicts.

Foto: Novo A/S PR

BOSTON

In future, the Novo Nordisk Foundation will be able to start handing out some of the billions of dollars generated in the foundation's subsidiaries to projects and other purposes outside Denmark's borders.

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