12.08.2013 - Oil fund boss lands on powerful list
Yngve Slyngstad, who heads Norway’s huge sovereign wealth fund fueled by the country’s oil revenues, has been ranked as the world’s third most-powerful investor by an international trade organization that follows state investment funds. He didn’t deliver any stellar second-quarter results on Friday, but his global ranking is just the latest indication of how Norway’s wealth continues to command worldwide attention. Slyngstad, age 50, oversees the investments made by what’s popularly known as Norway’s “oil fund.”..............................................Full Article: Source
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