Asset Allocation
Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
Tag: Government Pension Fund Global
Coronavirus - COVID-19
Norway’s Sovereign Wealth Fund Loses $21 Billion in First Half
The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.
Asset Allocation
Norges Bank Raises Stake to 5% in Fossil Fuels Giant BHP
Norway’s sovereign wealth fund, which has been divesting coal and oil stocks, has the Australian company on a kind of probation.
Asset Management Culture
Norway Pension Giant Dumps Nearly $3 Billion in Coal, Oil Stocks
However, weak krone erases over $438 million in value from now-excluded holdings.
Coronavirus - COVID-19
Norway to Withdraw Record Amount from Sovereign Wealth Fund
Economic downturn forces government to take out over $37 billion.
Newsmakers
Norway’s Sovereign Wealth Fund Hit by Scandal
Norges Bank investigates outgoing CEO’s flight on luxury jet paid for by incoming CEO before his hiring.
Pensions
Short-Term Losses Dent Norway’s Long-Term Returns
Pension giant’s 10-year return down over 2% after $112 billion first quarter loss.
Asset Management Culture
NC State Pension Weathers Market Turmoil Well as Others Crumble
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Research
Norway’s Pension Giant Calls for Improved ESG Metrics
$1.07 trillion fund is focusing on climate and money laundering issues.
Pensions
Norway’s Pension Fund Rakes in Record $180 Billion Return for 2019
Norges Bank Investment Management also deliberates eight candidates for CEO job.
Risk
Norway Pension Fund Removes Petrobras from Watch List
Norges Bank says Brazilian oil firm’s US settlement reduces corruption risk.
News
Norway Pension to Exclude UK Security Firm G4S
Fund says firm is risky due to ‘systematic human rights violations.’
Risk
Norway Pension Giant Earns 2.95% in Q2 on Strong Equities, Fixed Income
Central Bank suggests adjusting GPFG's benchmark to increase North American equities.
Asset Allocation
Norway’s Pension Giant Revokes Walmart, Rio Tinto Exclusions
Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.
Regulation
Norway Reviews Ethical Guidelines
Government Pension Fund Global also introduces coal thresholds.