| With a population that’s tinier than the state of Minnesota, fjord-filled Norway is nobody’s first guess for investment colossus. But in fact, it’s home to the biggest wealth fund in the world. Meet Yngve Slyngstad: bald, goateed and understated. Like the rest of us, he has recently watched the stock market gyrate up and down (and down a whole lot more). Unlike the rest of us, he is the guy in charge of deciding where nearly $1 trillion goes.
In some ways, his sovereign investment fund seems to own a piece of everything — or, at least, an average of 1.3 percent of every public company in the world. But in the kind of move that could be a lesson for us weak-kneed investors, Slyngstad, the fund’s CEO, has been keeping Norway thick with China’s investments despite the country’s spectacular mess, while shifting from its nearest continent...............................................Full Article: Source
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