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Sovereign Wealth Funds Briefing - Categorized | Market, People, Trends

Gjedrem signals opposition to losing Norway’s $520 bln fund

Posted on 03 November 2010

From Bloomberg: Norges Bank Governor Svein Gjedrem signaled his opposition to removing Norway’s $520 billion oil fund from the central bank after the government said the fund’s size may require putting it under new management.
“Norges Bank has been important for the oil fund in the past and I think also in the future that may be the case,” Gjedrem said in an interview in Oslo yesterday. Asked whether there is any need to change the management structure, he said “not if you look at the results of the fund; they have been very satisfactory.”………………………………………Full Article: Source

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