Asset Allocation
Norway Pension Giant Buys 49% Stake in Spanish Renewables Portfolio
The $1.4 trillion Government Pension Fund Global is investing $650 million in solar plants and wind farms in Spain.
Tag: Norges Bank Investment Management
Newsmakers
Norges Bank Investment Management Launches Climate Advisory Board
Group will advise Norway’s $1.3 trillion sovereign wealth fund on climate-related financial risks.
Newsmakers
Boogeying Norges Bank: Holiday-Party Goers Celebrate Finances
In video, staffers illustrate investment terms in festive interpretative dance.
Asset Allocation
Norway’s Pension Giant Lost $215 Billion in First Three Quarters
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
Risk
Norway Targets Net Zero for Sovereign Wealth Fund by 2050
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
Asset Allocation
Norges Bank Investment Management Names New Co-CIOs of Equities
Norway’s central bank also makes adjustments to the Government Pension Fund Global’s investment exclusion list.
Newsmakers
Norway’s Sovereign Wealth Fund Loses $71 Billion in Q1
The fund’s investment portfolio declined 4.9% due to market volatility caused by “geopolitical turbulence.”
Asset Allocation
Real Estate, Equities Drive 14.5% Return for Norway’s Pension Fund in 2021
The fund giant’s portfolio has returned more than $488 billion in the past three years alone to boost its total asset value to $1.38 trillion.
Pensions
Norway’s Sovereign Wealth Fund Beats Benchmark with 4% Return in Q1
The $1.34 trillion pension giant reported a quarterly investment gain of $44.6 billion.
Asset Management Culture
Incoming Norges Bank Chief Nicolai Tangen to Sell Hedge Fund Holdings
The divestment addresses concerns raised at a parliamentary hearing earlier this month.
Corporate Moves
Norges Bank Board Defends Chief Executive Pick, Again
At a parliamentary hearing, the board governor helped the hedge fund manager Nicolai Tangen, under fire since his appointment.
Corporate Moves
Unease Remains Around Incoming Chief at Norges Bank
The supervisory board at the sovereign wealth fund told the national parliament that further control measures are needed to prevent conflicts of interest.
Corporate Moves
Norges Bank Finalizes Contract with Controversial CEO Pick
The incoming chief executive will distance himself from his old hedge fund.
Manager Selection
Norway’s Sovereign Wealth Fund Selects New Chief Executive
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
Pensions
Norway’s Pension Fund Rakes in Record $180 Billion Return for 2019
Norges Bank Investment Management also deliberates eight candidates for CEO job.