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

Norway’s government rejects opposition call to split sovereign wealth fund

Posted on 04 July 2013

Norway’s deputy finance minister has dismissed opposition suggestions that the country’s sovereign wealth fund, the world’s largest, should be split into smaller funds, a local newspaper reported on Wednesday.
“We fear that a split would lead to an unfortunate competition between funds, which could lead to higher risk-taking and too much weight being put on achieving short-term results,” financial daily Dagens Naeringsliv quoted deputy finance minister Hilde Singsaas as saying………………………………………..Full Article: Source


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