NORWAY - The Norwegian Ministry of Finance said today it planned to limit the amount of tracking error the Government Pension Fund Global can introduce to the scheme through active management as it moves towards decreasing risk in the fund.
In a white paper presented to parliament today, minister of finance Sigbjørn Johnsen (pictured) said the tracking error introduced by active management should decrease to 1.0 percentage point from 1.5...
NORWAY - The Government Pension Fund Global returned -8.8% or -NOK284bn ($52bn) due to stumbling global stock markets, third quarter results show.
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 - The Ministry of Finance has confirmed that Martin Skancke has resigned his position as head of the department overseeing the Government Pension Fund Global.
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.
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.