03.05.2013 - Norwegian oil fund facing 'considerable' challenges
The Norwegian Pension Fund Global faces "considerable challenges" in maintaining its high investment returns in the current market environment, the chief executive of Norges Bank Investment Management (NBIM) has warned. Yngve Slyngstad also told the parliamentary standing committee on finance and economic affairs that the NOK4.1trn (558bn) fund was always at risk of large losses over a longer period, noting that it could have incurred a 30% loss had its current investment strategy been in place during the worst year of performance witnessed in the last century...............................................Full Article: Source
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