03.11.2014 - Man Running World’s Biggest Wealth Fund Takes On Riddle of China
Once a year, the man running the world’s biggest sovereign wealth fund travels around China for a week. Though assets from that country only make up about 1.5 percent of the $860 billion Norwegian wealth fund’s portfolio, Yngve Slyngstad, its chief executive officer, says almost all investment decisions are affected by what happens in China. Understanding what’s poised to become the world’s largest economy is crucial for Slyngstad as he manages a fund that Norway predicts will reach $1 trillion in less than three years. He’ll be in China this month, visiting Beijing and other cities...............................................Full Article: Source
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