17.06.2011 - With new leadership, Norway SWF may broaden investments
Following a change in leadership at Norway's $570 billion oil fund, the sovereign wealth fund may increasingly target a broader spectrum of investments, such as private equity. This week, former central bank Governor Svein Gjedrem started his role at the fund as secretary general at the Finance Ministry and chief adviser on investment rules for the oil fund, succeeding Tore Eriksen. “Gjedrem is a person of very powerful ability of persuasion,” Knut Anton Mork, chief economist at Svenska Handelsbanken AB in Oslo, said..............................................Full Article: Source
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