04.04.2013 - Norway Oil Fund says barriers to free capital will hurt returns
Norway’s $717 billion sovereign wealth fund signaled it risks missing out on returns based on global economic growth amid concern that barriers to capital movements and taxes on investments are spreading. “There are large parts of the global economy where we don’t have the opportunity to invest,” Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, said at a parliamentary hearing in Oslo today, citing barriers in China in particular. “There’s some risk that the fund won’t take part in the collected growth of the world economy if we can’t get these obstacle reduced over time.”..............................................Full Article: Source
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