| Founded in 1990, Norges Bank Investment Management (a.k.a the Government Petroleum Fund), the fund has since grown to a size in excess of $80B. Over the past two decades, it has undergone dramatic changes in asset mix: up until 1997, the capital was fully invested in government securities, while as of the end of 2013 the fund consists of equities (approximately 60% of portfolio), real estate (not exceeding 5%), and bonds (all known classes, including securitized investment vehicles).
Two years ago, the government decided that the fund was to gradually reduce European equity holdings to 40%, with the decrease to be compensated with extra exposure to emerging markets...............................................Full Article: Source
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