The $75bn (€83bn) Norway-based Government Petroleum Fund is tendering regional active equity mandates totalling $5.5bn.

Norges Bank Investment Management (NBIM), the asset management arm of Norges Bank, the Norwegian central bank that oversees the Petroleum Fund, is looking for managers for Europe, UK, Japan, Australia and the Americas. The $5.5bn is new money allocated to the fund from the government budget.