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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Norway’s $740 bln oil fund may be restructured, Solberg says

Posted on 05 August 2013

Norway needs to review its $740 billion sovereign wealth fund to find a more competitive model that will boost returns, according to the head of the opposition bloc leading in polls ahead of elections next month.
The investments “might be too big to be handled by just one fund,” Erna Solberg, leader of the Conservative Party and the candidate most polls show will oust Labor leader Jens Stoltenberg to become prime minister after Sept. 9 elections, said in an interview in Oslo. “You could split it either on getting different handlers to compete better, or have different objectives for your investments in different funds. We’re going to explore it, develop and see if it’s a good idea.”……………………………………….Full Article: Source


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