| Norway’s sovereign wealth fund, popularly known as the “Oil Fund,” has reported another year of strong growth and impressive returns amounting to its next-best result ever. Now the fund’s bosses reportedly want to take a more active role in the companies where the fund is a major investor.
The fund logged an overall return of 13.4 percent in 2012, broken down by 18.1 percent on its stock portfolio, 6.7 percent on its interest-bearing investments and 5.8 percent on its real estate holdings. As some Norwegian media reported, the enormous fund used to save up Norway’s oil wealth for future generations earned an average of NOK 1.2 billion every single day last year...............................................Full Article: Source |