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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Compliance/Regulation/Legal

Norway SWF voted against Greek bond plan

Posted on 19 March 2012

Norway’s $607-billion sovereign wealth fund voted against Greece’s bond restructuring plan as it opposed special treatment given to the European Central Bank, arguing bondholders should have been treated equally, the fund’s chief said on Friday.
Yngve Slyngstad, the head of Norges Bank Investment Management, also told Reuters that the fund, one of the world’s largest sovereign wealth funds, still prefers stocks over debt after spending more than 150 billion crowns ($25.9 billion) on European shares in the second half of 2011………………………………………..Full Article: Source


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