| Norway’s $830 billion sovereign wealth fund last year ended a contract for Pacific Investment Management Co. to handle some of its bond investments. The Newport Beach, California-based fund was one of nine companies dropped last year, according to a comparison of lists of external managers in 2015 and 2014.
Others include Black River Asset Management, BTG Pactual Asset Management and BNY Mellon Asset Management. It also hired 12 new managers, including Nairobi-based Nabo Capital and Lynear Wealth Management, based in Colombo, Sri Lanka. The fund has been increasing its focus on emerging and frontier markets to boost returns...............................................Full Article: Source
|