New mandates for management of equity portfolios in the Government Petroleum Fund
Norges Bank Investment Management (NBIM) today announces new external active equity mandates for the Norwegian Government Petroleum Fund. The Fund is valued at USD 114 billion (NOK 803 billion) as of the end of the third quarter of 2003. Forty per cent of the Fund is invested in global equities. Currently, 39 mandates totalling USD 21.2 billion are managed by 17 different managers.
We will now appoint new external active managers for emerging market equity and global equity.
Deadline for application is December 31st.
Further information and questionnaire are provided on our website www.nbim.no. Information on tendering for existing mandates is also available. This website will be used for releasing information on any new mandates.
Contact:
Press telephone: +47 21 49 09 30
Email: presse@norges-bank.no