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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Fund Profile/New Launches, Market

Norwegian oil fund takes `minor` hit from US mortgage crisis

Posted on 26 August 2008

From Aftenposten.no: [The Norwegian Government Pension Fund–Global’s] chief Yngve Slyngstad said Tuesday that the fund’s total Fannie Mae and Freddie Mac exposure amounts to about NOK 88 billion (USD 16.36 billion).

It quotes Slyngstad as saying that, “Eighty-eight billion (crowns) is relatively little in relation to other central banks, but it is that big because we consider this the second most secure investment in the United States… Full article: Source


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