Fri, Apr 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Following major losses, Norway sovereign wealth fund hits “infinity” pares exposure to Greek debt

Posted on 15 June 2011

Back in September 2010, Norway’s sovereign wealth fund, the second largest in the world, decided to be contrarian for contrarianness’ sake, and announced it had “stocked up on Greek debt, as well as bonds of Spain, Italy and Portugal.
Finance Minister Sigbjoern Johnsen says he backs the strategy, which contributed to a 3.4 percent loss on European fixed income in the second quarter, compared with gains on bonds in Asia and the Americas.” The explanation was one that not even the high priests of obfuscation and lies back in the US, which only invest in “maturity” could come up:………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930