04.11.2013 - World’s biggest wealth fund says record size is posing hurdles
Norway’s $810 billion sovereign wealth fund, the world’s largest, is finding its record size is becoming a hurdle that’s complicating its investment decisions. “The challenge that we have, and we have already experienced, is the size,” Petter Johnsen, chief investment officer for equities at fund, said today after a speech in Gjoevik, north of Oslo. “The fund has grown very fast during a short time.” Before taking office after September elections, Prime Minister Erna Solberg said she would consider splitting up Europe’s largest equity investor to help make it more competitive. The fund, also known as the Government Pension Fund Global, has quadrupled in size since 2005 and will grow another 50 percent by 2020, according to government estimates....................................Full Article: Source