Government Fund returns 0.3% in Q2
NORWAY - The Government Pension Fund Global was up 0.3% in the second quarter after rising bond prices helped to offset drops in the global equities markets.
The fund's equity holdings were down 0.7% in the quarter, while fixed-income investments returned 1.8%. The overall return was 0.1% percentage points lowerthan its benchmark indices return. The fund's...
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Norway pension fund loses $52bn in Q3
NORWAY - The Government Pension Fund Global returned -8.8% or -NOK284bn ($52bn) due to stumbling global stock markets, third quarter results show.
EDB ErgoGroup settles dispute over DB, DC pension switch
NORWAY - EDB ErgoGroup ASA has agreed to costs totalling some NOK9m ($1.7m) per year to settle a pension dispute with employee unions over its decision to transfer some staffers from a defined benefit to a defined contribution plan.
Norway Global Fund overseer resigns
NORWAY - The Ministry of Finance has confirmed that Martin Skancke has resigned his position as head of the department overseeing the Government Pension Fund Global.
One-third of Nordic investors to increase hedge fund exposures
NORDICS - Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows.
CPPIB-led consortium takes stake in gas transportation network
CANADA/NORWAY - A consortium of investors including the Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 24.1% stake in Norway's Gassled Joint Venture.
