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.”
Tag: Norway
Newsmakers
Global Pension Funds Shun Russian Investments
Norway’s $1.3 trillion sovereign wealth fund, among other pension funds, will freeze and divest Russian investments.
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 Largest Pension Firm Divests from 16 West Bank-Linked Firms
KLP says the companies pose an ‘unacceptable risk’ over alleged human rights violations.
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.’
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 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.