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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Sovereign wealth funds: a British and a Norwegian perspective

Posted on 06 September 2010

Kitty Ussher, Economic Minister to HM Treasury, confirmed Britain’s open arms towards Sovereign Wealth Funds: Britain is “open and keen to do business”. Martin Skancke, Director General for Asset Management at the Norwegian Ministry of Finance, said that the main objectives of sovereign wealth funds are legitimate purpose: to save part of the national wealth for the future and improve risk/return ratio on these savings.
The Norwegian Pension Fund is a transparent wealth fund with pure financial objectives and a clear division of responsibilities between the government’s role as owner and the NBIM’s (Norges Bank Investment Management’s) role as independent asset manager………………………………………..Full Press Release: Source


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