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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Oil fund takes the plunge in Paris

Posted on 07 July 2011

Norwegian newspapers were full of stories on Wednesday detailing how every Norwegian will soon own a little piece of property on the Champs-Élysées. That’s in addition to some other high-end property on Regent Street in London, all courtesy of the fortunes built up in what’s widely known as Norway’s oil fund.
The fund, officially known as the Norwegian Government Pension Fund Global, recently emerged as the largest sovereign wealth fund in the world. It began branching into real estate investment and bought up large portions of Regent Street in London earlier this year……………………………………….Full Article: Source


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