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.’
Tag: Norges Bank
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.
Risk
Head of Norway’s Wealth Fund Resigns Over Security Clearance Denial
Norges Bank’s deputy governor said his clearance was rejected because he has a wife who lives in China.
Asset Allocation
Norway Pension Giant Rebounds in Q3 From Heavy First-Half Losses
The $1.15 trillion fund returns 4.3% during the quarter after losing $21 billion in the first half.
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.’
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.
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.
Asset Management Culture
Norges Bank Draws Down Oil Revenues to Ease Coronavirus Impact
Norway’s central bank is ramping up spending amid greater calls from the government for a stimulus package.
News
Norway Pension to Exclude UK Security Firm G4S
Fund says firm is risky due to ‘systematic human rights violations.’
Norges Bank CEO to Resign, Pension Fund Returns 1.6% in Q3
Yngve Slyngstad to step down after 12 years running the $1.09 trillion fund.
Asset Allocation
Norway’s Pension Giant Revokes Walmart, Rio Tinto Exclusions
Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.
Newsmakers
Norway Pension Fund Honcho Questions ESG Mandates
Yngve Slyngstad, who manages the money of the world’s largest sovereign wealth fund, thinks environmentally minded rules may hurt returns.
Corporate Moves
Norway’s Real Estate Shift Shuffles Its Leadership
World’s biggest sovereign wealth fund adds some top officials from its property arm, now being sucked into the investment division.