Norwegian Government Petroleum Fund, Oslo, will switch its specialist equity portfolios to active management; they have been passively managed by Norges Bank Investment Management, the fund’s internal money manager, said Vegard Vik, senior portfolio manager-sector strategies for NBIM.
The 547 billion kroner ($60.7 billion) reserve fund will search for an unspecified number of specialist active equity managers with portfolio benchmarks based on the FTSE World index sectors and cover resources, basic industries, general industrials and utilities.
