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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Norway wealth fund rejects govt control plan

Posted on 23 October 2009

From Forbes: Norway’s $458 billion wealth fund rejected on Thursday proposals increasing government say over its investments in the wake of huge losses suffered by Europe’s largest equity investor during the financial crisis.
The central bank-run fund said in a letter to the Norwegian government that the proposed changes were too detailed, could lead to bad decision making, blur the lines of responsibility and even trigger a massive erosion of asset value…………………….Full Article: Source


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