31.08.2011 - Norway's Oil Fund taps Italy, Greek small caps, Slyngstad says
Norway's oil fund has increased its investments in small-capitalization companies in debt-burdened European countries such as Italy and Greece over the past 18 months, the head of the $544 billion fund said. "We think it's structurally possible to make money" in these markets, Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, said in a speech today in Oslo. The fund also handed out external investment mandates targeting small-caps in France, Spain, he said..............................................Full Article: Source
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