Norges Bank Investment Management

Institutional investors should "blur the line" of responsibility for equity investments and empower boards by trusting them more, a governance chief suggests.

NORWAY - The Government Pension Fund Global was up 0.3% in the second quarter after rising bond prices helped to offset drops in the global equities markets.

NORWAY - Norway's Government Pension Fund Global should reduce its weighting to Europe and will consider changes to its fixed income portfolio, finance minister Sigbjorn Johnsen said in a report to parliament today.

Norges Bank, New York City, HSBC, Lockheed Martin, RAM, SPAA

HSBC; Russell; Schroders; LGIM; Fidelity; Norges Bank; SEI; Cordea Savills; Pioneer; Investec

NORWAY - Bengt Enge, the investment chief at Norges Bank Investment Management (NBIM), has stepped down.

NORWAY - Norges Bank Governor Svein Gjedrem signaled his opposition to removing Norway's $520bn oil fund from the central bank after a Cabinet minister suggested the fund's size may require putting it under new management in future.

NORWAY/ASIA - Norway's sovereign wealth fund, the world's second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.

NORWAY - Radical changes to laws governing defined benefit plans in Norway will be needed to adapt the schemes to the new old-age state pension, a commission tasked with examining the future of pensions in the country's private sector has concluded.