Petroleum Fund hires 18 new managers in 2004

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NORWAY - The NOK 1016bn (e123bn) Government Petroleum Fund has hired seven new fixed income and eleven new equity managers in 2004, while three equity managers have been sacked.

At the end of 2004, 16 external fixed income managers with 21 mandates managed a total of NOK 58bn as compared to nine managers with twelve mandates managing NOK 43bn in 2003. New managers appoi...

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