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

Norway SWF in perspective after election

Posted on 11 September 2013

Norway’s just concluded general election is likely to lead to a Conservative Party led coalition, with concerns raised about a possibly change in policy regarding the country’s giant sovereign wealth fund.
The Pension Fund Global, funded by the country’s oil and gas sector, is worth some NOK4.55trn (€577bn) according to the calculator visible on the website of Norgest Bank Investment Management, the manager of the fund, which answers to the country’s finance ministry and Parliament. Other calculations estimate that the fund owns the equivalent of more than 1% of every listed company in the world………………………………………..Full Article: Source


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