From Independent.co.uk: Norway’s sovereign wealth fund is on the verge of an $18bn (£12.5bn) shopping spree for landmark British and American properties. Norges Bank, Norway’s central bank, which manages investments made from Norway’s vast energy surplus, is understood to be ready to make its first investments by the end of the summer.
Paul Golding, the former Merrill Lynch banker who heads the fund’s UK arm, had been expected to start investing money for the fund last year. …. Full Article: Source