| Disclosures by Norway’s $877 billion oil fund offer an unusually detailed view of its workings. Norway’s $877 billion sovereign-wealth fund, the world’s largest, said on Wednesday that it held fewer large equity stakes at the end of 2015 than a year earlier, due to a gradual shift away from Europe and a transfer of equity assets into its real-estate portfolio.
Norges Bank Investment Management, or NBIM, which manages the fund, said it held stakes exceeding 5% in 29 companies at the end of 2015, down from 57 companies a year earlier. It held stakes exceeding 2% in 1,074 companies, down from 1,205 companies a year earlier...............................................Full Article: Source
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