04.03.2014 - Norway oil fund sets sights on more real estate
The Government Pension Fund Global saw 16% return in 2013, driven by equities gaining 26.3% while fixed income didn't budge; real estate is a growth area. Norway's state oil fund is looking to follow up its successful shift into equities by "substantially" increasing its real estate investments in the coming years, the head of the Norges Bank Investment Management said at a presentation of the fund's annual report on Friday. The comments, which followed those made a couple of days earlier by the fund's head of equities that it was recruiting actively in a bid to double the size of its 90-strong equity team, comes as a zero return on traditional fixed income assets continued to depress overall profits in 2013...............................................Full Article: Source
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