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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Formula One backlash haunts Norway wealth fund as hearing starts

Posted on 24 April 2014

Norway’s $850 billion sovereign wealth fund needs to prepare its arguments to persuade lawmakers it can handle an expansion into private equity after an investment in Formula One backfired.
Yngve Slyngstad, the fund’s chief executive officer, and central bank Governor Oeystein Olsen, who oversees the fund, have been summoned to testify tomorrow at a Finance Committee hearing at the Oslo parliament………………………………………..Full Article: Source


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