The Swedish National Debt Office, Stockholm, added 2 billion Swedish kronor ($280 million) to a foreign currency portfolio run by ABN AMRO Asset Management, bringing its total to 8 billion Swedish kronor, confirmed SNDO spokeswoman Marja Lang.
The Debt Office, which is the treasury of the Swedish government and is responsible for 200 billion Swedish kronor in assets, increased the size of ABN AMRO's portfolio because of consistently "good results" over the past three years, Ms. Lang said. She declined to provide further details. BlackRock, Bridgewater Associates, Goldman Sachs Asset Management and PIMCO are the other external managers, each one managing 6 billion Swedish kronor, she said. Further information could not be learned by press time.