04.10.2013 - Two Norway investment funds back oil fund investments in renewables, infrastructure
Two prominent Norwegian investment funds are throwing their weight behind demands that the newly elected government push the nation's $750 billion oil-wealth fund into making investments in renewable energy and other infrastructure projects that could provide safe alternatives to its bond and stock investments. Norges Bank Investment Management, which manages the oil fund, already has asked the government's permission to invest in infrastructure, in 2006 and 2010. The ruling center-left government at the time responded by saying it wanted the fund to gain experience from other real asset investments first, especially real estate...............................................Full Article: Source
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