30.10.2012 - Norway's SWF-world's largest equities investor - goes back to market
Norway’s $650 billion Government Pension Fund Global, the world’s largest sovereign fund, is now buying stocks amid a falling market. “We can stomach buying more equities in falling markets,” Paal Haugerud, head of the Finance Ministry’s asset management unit, said in an October 18 interview in Oslo to Bloomberg. “Short-term volatility is of lesser importance for a truly long-term investor.” The decision comes in an effort to rebalance by buying stocks when markets are falling. According to Bloomberg, the process will be triggered when the fund’s stock weighting deviates more than 4 percentage points from its 60% mandated level at the end of a month...............................................Full Article: Source
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