mast image

Special Report

Impact investing

Sections

Norwegian fishermen name fund managers

NORWAY - The NOK630m (€70.6m) Garantikassen for Fiskere pension fund has appointed DnB NOR Kapitalforvaltning ASA and ABN Amro Kapitalforvaltning as its new asset managers.

Advised by Oslo-based Pensjon & Finans, the Norwegian pension support scheme for fishermen tendered the portfolio earlier this year - DnB NOR and ABN Amro won as the most economically advantageous tenders.

The mandate is equally split, with both DnB NOR and ABN Amro investing 80% of their award in Norwegian bonds and the remaining 20% in Norwegian shares.

The fund was previously managed by DnB Nor and another, unnamed, asset manager; however, the latter company pulled out after a change of management.

Therefore the fund tendered for portfolio management services earlier this year, explained the spokesman, as it again wanted to have the "competition" of two funds.

The fund awarded the split mandate for the management of its portfolio to the two asset managers at the end of June, a spokesman for the scheme said; DnB Nor and ABN Amro started the mandate in July this year.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<