20.11.2012 - Norwegian fund to step up lobbying efforts
Europe's biggest sovereign wealth fund, Norway's Government Pension Fund, is set to take more active role in public policy and lobbying on behalf of other institutional investors, as efforts get underway to strengthen the buyside's voice in regulatory affairs. In a 'discussion note' published yesterday outlining its new approach, the 508bn Norwegian fund said: "Up until now, the sellside, represented by major banks, has been far more active on the advocacy front." The Norwegian sovereign wealth fund, which is financed by oil revenues and managed by Norges Bank Investment Management, is so large it owns over 1% of all the companies listed on global markets...............................................Full Article: Source
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