| The Norwegian Government Pension Fund, Europe's biggest pool of sovereign wealth, has halved its exposure to external fund managers in the past year from about €37.5bn to about €19bn, terminating eight firms in the process, as it transferred money to internal staff and allocated to small specialist external boutiques.
During 2011, the fund said, it terminated 18 external investment-management contracts and began eight new ones, all for equity management, targeting specific sectors or countries...............................................Full Article: Source
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