NORWAY - The approximately NOK20bn Oslo Pensionsforsikring is on the verge appointing money managers for just over NOK3bn worth of global equity mutual funds.
The life insurance company is eyeing five managers for the briefs worth NOK3.36bn following a decision earlier this year to bolster its equity allocation to 20% and increase cost efficiency.
A decision is expected next week.
Tor Sydnes, partner at Bergen-based Wassum Investment Consulting Sydnes also said that the fund will look to finalise an appointment for a EUR92m Norwegian equity brief in January 2002.
The life insurer was formed from the City of Oslo pension fund.
Remaining assets are handled in-house.
By Madhu Kalia
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