| From Investorschronicle.co.uk: If there were Oscars for investment management dramas, the debate underway in Norway would be a contender. Why Norway? Because its $400bn sovereign wealth fund is the second biggest such fund in the world after Abu Dhabi's.
It goes by the name "Government Pension Fund – Global", although it doesn't pay any pensions and doesn't seem to be planning to do so. Instead it just absorbs the Norwegian government's oil revenues. The fund is run by a dedicated division of the Norwegian central bank staffed by 250 heavyweight investment professionals spread around four offices on three continents.........................................Full Article: Source |