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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

State Street appointed administrator for Norway’s property drive

Posted on 25 May 2010

From Propertyeu.info: Norway’s Central bank has appointed State Street to provide fund administration services for the real estate portion of the country’s pension fund. State Street will provide administration, accounting and director services for the fund’s $20 bn (EUR 16 bn) global real estate investments and will also provide reporting and joint venture structuring services.
George Sullivan, executive vice president of State Street’s alternative investment solutions group said: ‘this sovereign fund is a significant client for us, and we are very much looking forward to taking on this new assignment and working with the team at Norges Bank to provide them with services for the real estate allocation of their growing fund.’………………………………………Full Article: Source


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