26.05.2014 - Norway's wealth fund pulls out of Argentina
Norway's $870 billion sovereign wealth fund, one of the world's largest investors, has pulled its investments out of Argentina, a top fund official said on Friday, blaming the government's protectionist policies there. Latin America's No. 3 economy has been struggling to maintain investor confidence following repeated market interventions by President Cristina Fernandez and amid an ongoing legal battle over a massive debt default. Her administration also heavily regulates capital flows and imports. "We have pulled out from Argentina," Trond Grande, the fund's deputy chief executive, told a business seminar...............................................Full Article: Source
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