Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

The Falkland Islands brace for oil wealth

Posted on 05 April 2013

Is it possible to avoid squandering such a windfall, especially for a territory of fewer than 3,000 people? That’s what the Falklanders asked the Norwegians, who in 1990 started what is now the world’s largest sovereign wealth fund.
With 4 trillion kroner ($715 billion) in assets, it returned 13.4 percent in 2012. The Falklands fund will never reach that scale, but if the islanders can replicate the Norwegians’ prudent management, they’ll be satisfied. The bottom line: Argentina still claims the Falklands, which are worth a lot more now that 400 million barrels of oil have been found near the islands………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15416 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031