NORWAY - The NOK942.4bn (e114bn) Norges Bank petroleum fund has returned 1.4% in the third quarter of 2004, boosted by strong performance in the fixed income portfolio.
Fixed income returned 3.1% in the third quarter while the equity portfolio posted a return of negative 1%. The fund posted an overall return of 4.2% for the first three quarters of the year. The 1.4%...
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.