Tag: Norges Bank

Asset Allocation June 7, 2021

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 April 14, 2021

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 December 9, 2020

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 October 19, 2020

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 September 3, 2020

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 August 19, 2020

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 July 21, 2020

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 May 18, 2020

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 April 21, 2020

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 March 19, 2020

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 November 27, 2019

Norway Pension to Exclude UK Security Firm G4S

Fund says firm is risky due to ‘systematic human rights violations.’

Corporate Moves October 31, 2019

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 July 1, 2019

Norway’s Pension Giant Revokes Walmart, Rio Tinto Exclusions

Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.

Newsmakers May 3, 2019

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 April 4, 2019

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.

Industry White Papers

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Investing in Companies That Are Shaping the Future For institutional investors, particularly public plans, the need for diverse and uncorrelated returns is paramount. Both traditional global equity investors and those committed to sustainable investment agendas would benefit from an actively managed allocation to the decarbonization theme.