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

Norway backs down from talk of splitting $800 bln oil fund

Posted on 20 November 2013

Norway’s government backed down from pre-election talk it might restructure the nation’s $800 billion sovereign wealth fund as it instead defends the investor’s existing mandate.
“We aim at a predictable and stable investment strategy for the fund,” Siv Jensen, finance minister and leader of the junior partner in Norway’s ruling coalition of Conservative and Progress parties, said today in an interview in her office in Oslo. Asked whether the fund may yet be split, Jensen said “the government has no plans to do that. There will be no changes in the investment profile of the fund.”…………………………………Full Article: Source


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