Equities held by Norway’s Government Pension Fund Global, the so-called Oil fund, accounted for the majority share of returns made over the past year, the fund’s manager Norges Bank Investment Management has reported. Equity returns hit 19.4%, far higher than unlisted property, 7.5%, and fixed income, 3.3%. Averaged out, the fund reported an overall return […]
Norges Bank Investment Management, which manages the Norwegian sovereign wealth fund, has announced three new hires for its leader group including Carine Smith Ihenacho as chief corporate governance officer, Hege Gjerde as chief financial officer, and Sirine Fodstad as chief HR officer. Formerly, Smith Ihenacho headed the ownership department since August 2017 while Gjerde was […]
The opportunity cost defined as the impact on returns of increasing the equity exposure over time of the giant Norwegian sovereign wealth fund – the Pension Fund Global – as well as the cost of pursuing hard exclusions of holdings based on ethical considerations has been laid bare in a series of data slides put […]
Øyvind Schanke has been appointed as CEO of Norwegian manager Skagen starting 1 February 2017, marking the latest transition of senior executive roles at the Stavanger headquartered firm. Schanke (pictured), joins from Norges Bank Investment Management – the manager responsible for day-to-day running of Norway’s Government Pension Fund Global, the sovereign wealth fund that is […]
Net sales of securities funds hit NOK1.1bn through September, taking total assets represented by the Norwegian fund industry to NOK885bn (€96bn) – this excludes the Norwegian sovereign wealth fund, which is NOK6.9trn (€750bn) in size. Data from VFF, the Norwegian Fund and Asset Management Association, suggests Norwegian retail investors put a net NOK53.5bn into equity […]
Norway’s central bank, Norges Bank, has confirmed it will become a net buyer of NOK as it executes transfers linked to the assets of the country’s giant sovereign wealth fund – Government Pension Fund Global – helping send the local currency higher on FX markets. The policy is being introduced because of the fact that […]
Norway’s Pension Fund Global, the sovereign wealth fund topped up by revenues from the country’s oil and gas industries, has reported its second best ever year, generating a return of 13.4%, or NOK447bn (€60.1bn) on behalf of its owner the Norwegian government.
Norges Bank Investment Management, the manager responsible for Norway’s sovereign wealth fund, has made its first property acquisitions in the US, reflecting the mandate to invest in more property assets globally.
Øystein Olsen, governor of Norges Bank, has said that the country’s sovereign wealth fund, the Government Pension Fund Global, was a key reason global equity markets did not fall further when the financial crisis peaked between 2008-9.
Norway’s oil and gas funded sovereign wealth fund – the Government Pension Fund Global – has acquired property in Switzerland for the first time, buying a key office complex and leasing it back to Credit Suisse in Zurich.
Norway’s oil and gas funded sovereign wealth fund has beaten the Abu Dhabi Investment Authority fund to become the world’s biggest, according to figures estimating respective assets under management in October.
Norway’s $660 billion sovereign wealth fund, the world’s largest stock investor, made $29bn last quarter, on the back of a global stock markets rally and reduced exposure to Eurozone government debt.