Norges Bank IM Names Malin Norberg Co-CIO of Asset Strategies
Norberg will share duties with Geir Øivind Nygård in the newly created position.
The $1.4 trillion Government Pension Fund Global is investing $650 million in solar plants and wind farms in Spain.
Group will advise Norway’s $1.3 trillion sovereign wealth fund on climate-related financial risks.
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
Despite losing 14.4%, the “oil fund” beat its benchmark by 114 basis points thanks to ... oil.