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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

12 Swedish big shots have been blacklisted by Norway SWF

Posted on 09 June 2016

The enormous Norwegian sovereign wealth fund have blacklisted twelve Swedes. In essence, this means that the fund opposes them as members of the board of the companies the fund owns shares in. According to the Swedish daily Dagens Industri, the fund has in 2016 voted against twelve Swedes as members of the board.
The fund, commonly referred to as The Oil Fund, manages the wealth produced by the Norwegian oil. It is absolutely huge: On average, the fund owns approximately 1.3 percent of the world’s listed companies. Over 700 billion dollars are managed by the fund, and its Swedish investments amount to approximately 15 billion dollars………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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