CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
Mark Fawcett will remain as CEO of Next Invest.
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
The world’s biggest asset manager has expanded in the past when times were tough, its executives say.
The index is designed to emphasize Japanese companies with strong gender and diversity policies.