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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Norway’s Oil Fund snaps up Greek, Spanish debt in hunt for higher yields

Posted on 16 August 2010

From Bloomberg: Norway’s sovereign wealth fund, the world’s second largest, snapped up bonds from debt-ridden southern European countries to tap into higher yields.

“We have actually increased our exposure,” said Yngve Slyngstad, the head of Norges Bank Investment Management — the central bank’s asset management arm — in an interview in Oslo…………………………………….Full Article: Source

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