The Nkr522.8bn (€64.8bn) Petroleumfund in Norway has appointed BlackRock International and Pareto Partners.

The Edinburgh-based team of US investment house BlackRock will run a European (excluding UK) active equity mandate while Pareto will handle a global active fixed income mandate. In May last year Pareto Partners acquired the New York-based fixed income team of Refco Group's Forstmann-Leff International. The nine-strong team, headed by Dan Roberts, gave Pareto a US fixed income capability and a global credit strategy.

BlackRock and Pareto reap success at Norwegian fund

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