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Norwegian fund avoids commodities

Posted on 21 November 2008

From Global Pensions: Norway’s global pension fund, the largest equity investor in Europe, has no plans to buy commodities, according to its operator Norges Bank Investment Management (NBIM).

“We have the possibility to invest in commodities, but we don’t have any current plans” for that in 2009, NBIM chief executive officer Yngve Slyngstad told reporters in Oslo. “It doesn’t lend itself to our long-term investment strategy.”…. Full Article: Source


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