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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Fund Management/Administration

Debt-wracked nations could learn from Norway, prime minister says

Posted on 27 September 2013

Debt-laden European nations, the United States, and resource-rich developing countries could all learn from Norway’s tight-fisted spending habits and oil wealth management, the Scandinavian nation’s outgoing prime minister Jens Stoltenberg said on Wednesday.
Stoltenberg said Norway’s sovereign wealth fund - a now $700 billion fund with investments in bonds, more than 7,000 companies, and some real estate - was the main reason Norway sidestepped the “curse of oil” that has plagued many other resource-rich nations particularly in the developing world………………………………………..Full Article: Source


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