30.05.2014 - Lessons From 1 of the World's Largest Sovereign Wealth Funds
Norway's sovereign wealth fund is one of the largest wealth funds in the world and also considered to be one of the best managed, hardly feeling any effect of the financial crisis. Can private investors learn anything from this sovereign behemoth? Norway's Government Pension Fund was set up in 1990 as a fiscal policy tool to support the long-term management of Norway's petroleum revenue. The fund today is estimated to be worth $860 billion; it is growing every single day and the wealth is technically public. The fund own 1.3% of all listed companies and returned a staggering 15.9% during 2013, its best performance ever and a total gain of roughly $120 billion...............................................Full Article: Source
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