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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Norges Bank review calls on MPC to relinquish control of wealth fund

Posted on 26 February 2014

A separate board should be appointed to supervise Norway’s state oil fund – the world’s largest sovereign wealth fund, which is housed within the central bank and currently overseen by the monetary policy committee – according to an independent report funded partly by Norway’s finance ministry.
The proposal to split responsibility for the oil fund and monetary policy at Norges Bank comes two days after Petter Johnsen, the fund’s chief investment officer for equities, told the Financial Times that it was “recruiting actively” in a bid to “double the size” of its 90-strong equity team………………………………………..Full Article: Source


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