08.04.2014 - Biggest wealth fund put on review for move to new asset classes
Norway will wait to see whether real estate investments by its $850 billion sovereign wealth fund pay off before considering new asset classes including infrastructure and private equity. “Whether we do it next year or the year after, that hasn’t been decided,” Paal Bjoernestad, state secretary in charge of the fund at the Finance Ministry, said in an April 4 interview. “We will come back to it -- it’s not off the table.”..............................................Full Article: Source
Print