02.03.2010 - Norway gives approval for oil fund to buy real estate
From Businessweek.com: Norway gave approval for its $440 billion sovereign wealth fund to invest as much as 5 percent of its value in real estate to increase returns and limit overall risk after record losses in 2008. “By investing in real estate, we spread the fund’s risk even more,” Finance Minister Sigbjoern Johnsen said in a statement today. “Real estate is the largest asset class after shares and bonds, and these investments fit well with the fund’s investment profile.”............................................Full Article: Source
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