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.
Tag: Norway
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.’
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.
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.
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.
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.
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.
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.