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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

They bought what?! No(r)way!

Posted on 10 September 2010

From Kitco.com: If you were asked to quickly name the world’s second largest sovereign wealth fund, would…Norway be in the running, in your mind? Now, if you were asked to guess what it is that this, near half-trillion dollar-sized fund just loaded up on, would…Greek debt be anywhere on your list? Well, that is exactly what is happening these days, when it comes to the pile of cash that the oil revenue-rich country has amassed.
Call them Norwegians crazy, if you will. Their Finance Ministry also let it be known that it has not been averse to other debt purchases, especially those seen as ‘toxic’ by others; namely, Portuguese, Italian, and Spanish debt……………………………………….Full Article: Source


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