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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway SWF wages lone governance crusade

Posted on 09 October 2009

From Reuters: Norway’s $420 billion oil fund is rattling the cage of some of the foreign companies in which it has invested. As a shareholder it deserves praise for putting its head above the parapet. But as a sovereign wealth fund it is treading a fine line.

Norges Bank Investment Management (NBIM) has been stung into action by a combination of domestic political pressure to account for its investments and heavy losses on some parts of its extensive external investment portfolio………………..Full Article: Source

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