Tag: Government Pension Fund Global

The $2.1 trillion Norges Bank Investment Management will not be able to exclude companies or put them under observation for almost a year, while a legislative committee reviews its standards.

Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.

Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.

The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.

The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.

Norway’s GPFG could be the first $2 trillion pension before the end of next year.

Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.

The pension giant also released an annual survey evaluating the stewardship of its external asset managers.