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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

How oil is managed in Norway

Posted on 07 February 2011

From Monitor.co.ug: What makes the advice from Oslo valuable is Norway’s record of managing $356 billion and earning returns that exceed its own goals while publishing regular reports on its holdings and performance. Persuading Russia and China to do the same would help allay concerns among Group of 7 policy makers, who are meeting this week to draft global guidelines as government-controlled funds proliferate.
“There is a strong case for sovereign wealth funds to adopt the best practice of open funds like Norway,” said Gerard Lyons, chief economist at Standard Chartered Bank in London. Otherwise, he said, “there is a serious likelihood of Western governments and funds clashing over what they can buy and where.”………………………………………Full Article: Source

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