Norway

NORWAY - If pension reform is not forthcoming, Norway faces an unsustainable budgetary situation in the long term, according to the latest Organisation for Economic Co-operation and Development (OECD) economic survey on Norway.

NORWAY - The massive E81bn Statens Petroleumsfond (Government Petroleum Fund) has added three new managers to its roster.

NORWAY - Norges Bank Investment Management (NBIM) has issued new specialist equity mandates for the the massive US$69bn Government Petroleum Fund.

NORWAY - The Nordic region's biggest bank, Nordea, is to slash its Q2 pre-tax profits by E152m in order to cover a bigger than expected pensions shortfall.

NORWAY - Nordea Private Equity - a unit of Nordea Investment Management - has finally closed its Thematic Fund of Funds I K/S with commitments of EUR208m.

NORWAY/GLOBAL - Norges Bank Investment Management is tendering new global external active mandates for the giant Norwegian Government Petroleum Fund (Statens Petroleumsfond), with a combined value of US$5.5bn.

NORWAY - PIMCO Europe has bagged a mandate from the Oslo Pensjons Forsikring to establish and manage a US$220m global bond portfolio for the city's employee pension fund.

NORWAY - The EUR80bn Statens Petroleumsfond has posted its first ever negative return, of -2.5% in 2001, a result it blames on weak equities markets in the third quarter.

NORWAY- The EUR70bn Statens Petroleumsfond is tendering for managers to run a combined total of EUR1.3bn in equities mandates.

NORWAY - Den norske Bank (DnB) and Dresdner RCM Global Investors have teamed up in a bid to promote ethical investing among DnB's fund roster.