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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Norway sets new mandate for management of oil fund

Posted on 12 November 2010

From Globalpensions.com: Norway’s Finance Ministry issued a new formal mandate for the management of the Government Pension Fund Global, the world’s second-largest sovereign wealth fund.
The new mandate, which becomes effective on January 1, will require the $520bn fund to seek to limit the scope of its investments in so-called junk-rated bonds to 3% of the market value of the fund’s fixed-income portfolio, the ministry said in a statement today. The ministry previously imposed no cap……………………………………….Full Article: Source


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