The Nkr210bn (€26bn) Norwegian government's petroleum fund has slashed its passive investment following disappointment with the index management.

The Petroleumfund - Statens Petroleumsfond - hired Bankers Trust Co., Barclays Global Investors, Gartmore Investment Management and State Street Global Advisors three years ago to run the fund's passive equity mandates.

Norway's petrol fund slashes passive investments

Pirkko Juntunen

Barclays Global Investors

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