Market Moves
World’s Largest Sovereign Wealth Fund Embeds AI Into Portfolio Management
Norway’s $2.1 trillion Government Pension Fund Global is using large language models to screen all of its investments.
Tag: Norges Bank
Asset Allocation
Tech Rally Buoys Norway Sovereign Wealth Fund’s 13% Return
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
Asset Allocation
Norway’s Pension Fund Global Returns 2.1% in Q2; Asset Value Rises to $1.69T
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.
Asset Allocation
Norway Pension Giant Excludes 2 Firms for Alleged Human Rights Violations
A Norges Bank probe revealed cases of rape and harassment at plantations owned by France’s l'Odet and subsidiary Bolloré.
Asset Allocation
Norway’s Central Bank Adds 3 Firms to Government Pension Fund Global’s Exclusion List
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
Newsmakers
Norges Bank, AP7 Named Co-Lead Plaintiffs in Silicon Valley Bank Lawsuit
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Asset Allocation
Norway’s Pension Fund Global Excludes Chinese Firm for Environmental Damage Risk
The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.
Asset Allocation
Norway Pension Board Puts Indonesian Firm Under Observation
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.
Asset Allocation
Norway Asks Sovereign Wealth Fund to Consider Adding Unlisted Equities
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
Newsmakers
Norway’s Pension Giant Adds Chinese, Indian Firms to Exclusion List
Pension fund accuses AviChina, Bharat Electronics of selling military equipment to Myanmar’s armed forces.
Newsmakers
Norway’s Pension Fund Global Excludes 3 Firms Over Human Rights Violations
The central bank says PTT Oil and a subsidiary, as well as surveillance software maker Cognyte, represent ‘unacceptable risks.’
Newsmakers
Norwegian Sovereign Wealth Fund Adds 9 Firms to Exclusion List
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
Newsmakers
Norway’s Sovereign Wealth Fund to Exclude Chinese Firm Over Human Rights Abuses
Norges Bank says the risk is too high that sportswear and equipment maker Li Ning may be using forced labor.
Asset Allocation
Norway’s Sovereign Wealth Fund Excludes 3 Firms for Rights Violations
Shapir Engineering and Industry, Mivne Real Estate, and Honeys Holdings were deemed an ‘unacceptable risk.’
Asset Allocation
Norway Pension Giant Asked to Shed 25% to 30% of Companies from Index
Finance Ministry calls for the Government Pension Fund Global to drop up to 2,200 equity investments.