30.09.2013 - A repeat of 2008 could knock 30pct off oil fund, warns NBIM head
Yngve Slyngstad, CEO of Norges Bank Investment Management, has warned that the country's sovereign wealth fund could lose the equivalent of the Norwegian state budget should the world face another year such as 2008, when most asset classes fell in tandem. Norway's sovereign wealth fund, the Government Pension Fund Global, is managed by NBIM, headed by Slyngstad. The fund has been branching out into property, to diversify away from core equity and fixed income holdings...............................................Full Article: Source
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