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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Norway Oil Fund concerned about unfolding EU debt crisis

Posted on 04 May 2012

The unfolding European sovereign debt crisis is a concern to the Norwegian oil fund but it hasn’t prompted a change in its investment strategy with regard to European Union government debt, the fund’s deputy chief executive said Thursday.
Any planned change will happen as a result of a strategic decision to reweight its EU sovereign debt holdings, said Tornd Grande, deputy chief executive officer of Norges Bank Investment Management, the company that manages Norway’s massive $620 billion oil fund………………………………………..Full Article: Source

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