Norges Bank

NORWAY - The Ministry of Finance has finalised a new policy for Norges Bank's management of the Government Pension Fund Global (GPFG) with a stronger focus on risk management.

NORWAY - Norges Bank has appointed State Street Corporation to provide fund administration services for the real estate portion of the Norwegian Government Pension Fund.

NORWAY - The Norwegian Ministry of Finance said today it planned to limit the amount of tracking error the Government Pension Fund Global can introduce to the scheme through active management as it moves towards decreasing risk in the fund.

NORWAY - The Government Pension Fund Global posted a 25.6% profit for 2009 on the back of equities and fixed income gains.

NORWAY - The Ministry of Finance has finalised rules allowing the Government Pension Fund Global to invest up to 5% of its NOK2.6trn (US$435.8bn) portfolio in real estate.

US - Staff at the California State Teachers Retirement System want to expand the range of active versus passive management they can use in the global equity portfolio, stating the current policy is too restrictive.