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Norwegian Petroleumfund tenders US mandates

The Nkr682bn (€82.8bn) Petroleumfund in Norway is tendering several active sector mandates for US small and mid caps.

Norges Bank Investment Management (NBIM), the asset management arm of the central bank of Norway which administers the Petroleumfund on behalf of the Ministry of Finance, said the initial funding will range between $100m and $500m per mandate.

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