Petroleum fund awards four new mandates

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NORWAY - The NOK 1091bn (e134.4bn) government petroleum fund has hired one new fixed income manager and awarded three new mandates to equity managers in the first quarter of 2005.

The fund, which returned 1% for the first quarter and saw its portfolio grow by NOK 74bn from year-end last year, appointed Advantus Capital Management to manage a specialised management brief for ...

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