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

Oil fund on troubled waters in Norway

Posted on 30 August 2013

Three-quarters of a trillion dollars is enough to burn a hole in anybody’s pocket. And so it is proving in Norway where ahead of parliamentary elections on September 9 proposals are stacking up to reform the country’s $750bn oil fund, the largest sovereign wealth fund in the world.
Many of the suggestions on the face of it are sensible. But taken together they risk upsetting the delicate balance that has allowed the Norwegian fund to quadruple in size since 2005 and become one of the world’s most influential investors………………………………………..Full Article: Source


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