| Norway's $870 billion sovereign wealth fund, the world's largest, has removed the valuation risk premium it had placed on its British property portfolio following Britain's vote to leave the EU, it said on Friday when publishing its full third-quarter results.
The fund is one of Britain's biggest foreign investors, owning shares in most top UK companies and holding $11 billion in government bonds. It also co-owns Regent Street, one of London's premier shopping streets. In August, the fund cut the value of its UK property portfolio by 5 percent, or 1.9 billion crowns ($230 million), prompted by external assessors reporting greater uncertainty in their valuation after the Brexit vote............................................Full Article: Source
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