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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Biggest wealth fund called on to explain Formula One investment

Posted on 07 March 2014

Norway’s $850 billion sovereign wealth fund, the world’s biggest, is being called on by lawmakers to prove it didn’t shirk its own rules with a 2012 investment in Formula One.
Politicians are responding to local media reports questioning whether the state-run fund followed its mandate when it invested in the auto racing group ahead of a planned initial public offering. The fund can only buy private equity if a company is planning to sell shares to the public. Formula One’s IPO was subsequently canceled………………………………………..Full Article: Source


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