External mandates
Norges Bank Investment Management uses external managers to handle parts of the fund’s investments. We award investment mandates to organisations with expertise in clearly defined areas. These managers will seek to beat the markets they operate in and generate an excess return for the fund by using detailed and in-depth analysis of specific markets and companies.
We award investment mandates to external equity managers with deep understanding of companies and market dynamics. We expect they will enhance returns and reduce our exposure to companies with ESG issues. The mandates typically cover investments in emerging markets and small-capitalisation companies in developed markets.
The fund had 742 billion kroner, or 4.7 percent of its capital, under external management at the end of 2023, compared with 569 billion kroner at the start of the year. A total of 111 mandates were managed externally by 103 organisations.
External managers as at 31 December 2023
| Manager name |
|---|
| Manager nameAbax Investments |
| Manager nameAjeej Capital |
| Manager nameAlaska Investimentos |
| Manager nameAlgebris Investments |
| Manager nameAM Advisors |
| Manager nameAmwal Capital Partners |
| Manager nameAnthilia Capital Partners |
| Manager nameAPS Asset Management |
| Manager nameAreca Capital |
| Manager nameAshmore Investment Management |
| Manager nameATRAM Trust Corporation |
| Manager nameAzimut-Kaan |
| Manager nameBaring Asset Management |
| Manager nameBarrier Capital Management |
| Manager nameBlackRock Investment Management |
| Manager nameBNY Mellon Investment Management |
| Manager nameBrasil Capital Adviser |
| Manager nameCamissa Asset Management |
| Manager nameCeleste Fund Management |
| Manager nameCephei Capital Management |
| Manager nameCERES Dom Inwestycyjny |
| Manager nameCoeli European |
| Manager nameDragon Capital Management |
| Manager nameDSP Asset Managers |
| Manager nameEast Capital Financial Services |
| Manager nameEastspring Investments |
| Manager nameEllerston Capital |
| Manager nameElvest Co |
| Manager nameENAM Asset Management |
| Manager nameFairtree Capital |
| Manager nameFalcom Administradora General de Fondos |
| Manager nameFirst Beijing Investment |
| Manager nameFirst Turn Management |
| Manager nameGavilan Investment Partners |
| Manager nameGreen Court Capital Management |
| Manager nameHarbour Asset Management |
| Manager nameHawksbill Investors |
| Manager nameHigh Ground Investment Management |
| Manager nameInsignis TFI |
| Manager nameIntrospect Capital |
| Manager nameIon Value Management |
| Manager nameIpopema TFI |
| Manager nameIstanbul Portfoy |
| Manager nameIvyRock Asset Management |
| Manager nameKAF Investment |
| Manager nameKairos Partners |
| Manager nameKarma Capital Advisors |
| Manager nameKernow Asset Management |
| Manager nameKeywise Capital Management |
| Manager nameKrungsri Asset Management |
| Manager nameLandseer Asset Management |
| Manager nameLaurium Capital |
| Manager nameLupus alpha Asset Management |
| Manager nameLynear Wealth Management |
| Manager nameManchester Global Management |
| Manager nameMaybank Asset Management |
| Manager nameMeitav Dash Portfolio Management |
| Manager nameMetzler Asset Management |
| Manager nameMoneda Asset Management |
| Manager nameNavegar Asset Management |
| Manager nameNavi International |
| Manager nameNeuberger Berman |
| Manager nameNinetyOne |
| Manager nameNZS Capital |
| Manager nameOyster Catcher Investments |
| Manager namePascal Investment Advisers |
| Manager namePerennial Value Management |
| Manager namePerseverance Asset Management |
| Manager namePhilequity Management |
| Manager nameProsperity Capital Management |
| Manager namePT Samuel Aset Manajemen |
| Manager nameQuad Investment Management |
| Manager nameQuantum Advisors Private Limited |
| Manager nameRed Gate Asset Management |
| Manager nameRheos Capital Works |
| Manager nameRyo Gestao de Recursos |
| Manager nameSancta Capital Advisors |
| Manager nameSanlam Investments |
| Manager nameSanta Lucia Asset Management |
| Manager nameSchroder Investment Management |
| Manager nameSparx Asset Management |
| Manager nameSphera Portfolio Management |
| Manager nameSprings Capital |
| Manager nameSPSW Capital |
| Manager nameSquadra Investments |
| Manager nameStony Point Capital |
| Manager nameTalis Asset Management |
| Manager nameTempleton Asset Management |
| Manager nameThreadneedle Asset Management |
| Manager nameTISCO Asset Management |
| Manager nameTRG Management |
| Manager nameTriata Capital |
| Manager nameTrigon Asset Management |
| Manager nameTriton Asset Management |
| Manager nameTrivista Capital |
| Manager nameTwenty Acre Capital |
| Manager nameValueQuest Investment Advisors |
| Manager nameVergent Asset Managment |
| Manager nameVinci Partners |
| Manager nameVIP Research & Management |
| Manager nameVisio Fund Management |
| Manager nameZeal Asset Management |
Last saved: 27/02/2024