Norway’s sovereign wealth fund returned 1.3%, or NOK 94bn (€10.2bn), in the second quarter of 2016, which compares with a negative return of NOK 85bn in Q1. The krone depreciated against the main currencies during the quarter, which increased the value of the fund by NOK 28bn. The world’s largest sovereign wealth fund , which saw […]
The Strategy Council for the Government Pension Fund Global, Norway’s sovereign wealth fund, has recommended changes to ensure greater focus on responsible investing by the fund’s manager Norges Bank, as well as greater transparency in its decision making.
Norges Bank Investment Management, the manager of Norway’s sovereign wealth fund, the Pension Fund Global, has signed a deal with AXA Real Estate to co-invest in senior secured property loans in Europe.
Yngve Slyngstad, CEO of Norges Bank Investment Management, has warned that the country’s sovereign wealth fund could lose the equivalent of the Norwegian state budget should the world face another year such as 2008, when most asset classes fell in tandem.
Norway’s just concluded general election is likely to lead to a Conservative Party led coalition, with concerns raised about a possibly change in policy regarding the country’s giant sovereign wealth fund.
Norges Bank Investment Management has reported that the sovereign wealth fund it manages – Norway’s Government Pension Fund Global – made a loss of -1.4% from its fixed income investments in the second quarter of 2013 – although its overall return of 0.1% still earned it NOK17bn (€2.2bn).
Norway’s struggle to balance the need for more expensive loans to prick a house price asset bubble against its already expensive currency hitting exporting companies has led the government to announce it is focused on fiscal constraint in its latest budget revision.
Øystein Olsen, governor of Norwegian central bank Norges Bank, has repeated a warning against assumptions of return from the country’s sovereign wealth fund – the so-called oil fund.
Norges Bank Investment Management, which manages Norway’s sovereign wealth fund – the Pension Fund Global also known as the ‘oil fund’ – is set to spend NOK100bn (€13bn) buying European equities this autumn.