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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Norway: New government may split oil fund

Posted on 31 July 2013

Norway’s enormous sovereign wealth fund, known as the “oil fund,” looks set to be split up into several different funds if a new, non-socialist government takes over after the September 9 national election. All of its potential members think some fund spin-offs can boost earnings and competition.
Today’s oil fund, officially known as Statens pensjonsfond – utland (the state pension fund that invests abroad), is made up of revenues from Norway’s oil and gas production that are stashed away for future generations. It’s grown enormously since being formed in the 1990s, thanks in part to high oil prices, and is expected to have average annual returns of 4 percent………………………………………..Full Article: Source


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