01.06.2009 - Europe's top pension fund axes managers
From WSJ: The EUR232 billion ($327 billion) Norwegian Government Pension Fund has also created a raft of senior investment positions as part of an effort to improve performance. The fund has dropped 16 of its 22 fixed-income managers since the start of last year, according to its website, including this year, European Credit Management, Insight Investments and U.S. group Smith Breeden & Associates, all of which declined to comment.......Full Article (Subscription Required): Source