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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Norway beefs up supervision of oil fund

Posted on 30 November 2015

The Norwegian government appointed a new central bank official on Friday to supervise its sovereign wealth fund, boosting the monetary authority’s role as it looks to help the fund adapt to an increasingly complex investment climate.
The new post, which expands the bank’s executive management to three from two, is being filled by economics professor Egil Matsen. The $853 billion rainy-day fund, the biggest of its kind in the world, manages the proceeds of Norway’s oil industry for future generations………………………………………..Full Article: Source


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