| Sovereign wealth fund is prepared to protect its assets from extreme political events. The $850bn Norwegian oil fund has drawn up contingency plans to protect its assets from extreme political events such as a military invasion or coup. This comes at a time when the stability of several international sovereign wealth funds is in question.
Norges Bank Investment Management, which oversees the world’s largest sovereign wealth fund, told FTfm that the oil fund had “drawn up contingency plans for various scenarios that represent a threat to the fund’s holdings”...............................................Full Article: Source |