Norway

NORWAY - A new Government Pension Fund is to be established based on the Government Petroleum Fund (Statens Petroleumsfond) and the National Insurance Scheme to meet long term pension obligations.

NORWAY - The NOK803bn Government Petroleum Fund is seeking new external active managers for its emerging market equity and global equity portfolios.

NORWAY- The Government Petroleum Fund (Statens Petroleumsfond) has returned 1.7% in the third quarter of 2003 on the back of strong returns from its equity portfolio.

NORWAY - The Government Petroleum Fund (Statens Petroleumsfond) has become the latest fund to benefit from the recent rebound in global equity markets, after posting its highest quarterly results since 1999.

NORWAY - Ethical guidelines have been submitted to the Ministry of Finance by a specially appointed committee over how the e86.4bn Statens Petroleumsfond should invest.

NORWAY - Norway's NOK682bn (e86.4bn/US$101bn) Government Petroleum Fund is seeking managers for a new batch of active US equity mandates.

NORWAY - Mercer Investment Consulting has recommended that the Norway's NOK682bn (e86.4bn) Government Petroleum Fund (Statens Petroleumsfond) review its tactical allocation and currency overlay strategies.

NORWAY - The Norwegian property market declined markedly over 2002, according to the Investment Property's Databank's Norwegian Property Index.

NORWAY - Gisele Marchand has started as director of the State Public Pension Fund, replacing Kapser Holand.

NORWAY - Norway's giant E81bn Statens Petroleumsfond (Government Petroleum Fund) has issued a manager search for two new sector equity mandates worth a combined US$1.3bn.