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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway’s sovereign wealth fund to become more active

Posted on 29 April 2013

The sovereign wealth fund of Norway, amongst the world’s biggest investors, has said that it wants to participate more actively in the management of firms it has heavy investments in, such as Volvo and other firms.
The fund has under its management totalling US$728 billion and said it is aiming to become active participants of company activities such as election of board members.According to the fund’s CEO Yngve Slyngstad, “It means having an ownership in the order of 5 percent and that we find ourselves among the top five investors. Our ownership should be significant, in the order of $1 billion,”……………………………………….Full Article: Source


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