| Norway's $830 billion oil fund has severed ties with Pimco, the bond house, and BTG Pactual, the Brazilian bank, as part of an overhaul of how the world's largest sovereign wealth fund is run. The oil fund, which is considered one of the world's most prestigious investors and which has become a prized client for big asset management companies, has invested with Pimco since at least 2013.
The sovereign fund pulled its money from the Californian bond house last year after widespread investor fears took hold about underperformance at some of Pimco's largest fixed income funds and the acrimonious departure of its founder, Bill Gross, in late 2014...............................................Full Article: Source
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