13.03.2014 - F-1 backlash means biggest wealth fund faces new oversight
Norway’s largest political party wants to look into revamping oversight of the nation’s $850 billion sovereign wealth fund amid questions around its handling of an investment in Formula One. The opposition Labor Party is responding to local media reports questioning whether the state-run fund followed its mandate when it invested in the auto racing group ahead of a planned initial public offering. The fund can only buy private equity if a company is planning to sell shares to go public. Formula One’s IPO was subsequently canceled...............................................Full Article: Source
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