Tagged: Government Pension Fund – Global

State’s net financial assets at record high

For the first time, central government’s net financial assets exceeded NOK 4 000 billion. Both net lending and net holding gains contributed to the increase in net financial assets during the third quarter of 2010....

Norway wealth fund falls to $443 billion in October

Norway’s sovereign wealth fell by 1.9 percent to a preliminary NOK 2.497 trillion ($442.6 billion) in October from 2.546 trillion at the end of September, central bank data showed on Friday. The fund’s value...

Increased portfolio investments abroad

Norway’s portfolio investment abroad was NOK 3 673 billion by the end of 2008. This is equal to an increase of 25 per cent from the end of 2007, reports Statistics Norway. The increase...

Norway will spend more oil money

The Norwegian economy has been affected by the global recession, but the downturn seems to be less severe than in most other countries, writes Norway’s Ministry of Finance on its website. The implementation of extensive...

Norway Pension Fund Reinstates Thales and DRD Gold

On the basis of the Council on Ethics’ recommendation, the Norwegian Ministry of Finance decided Sept. 3 to reverse its previous decisions to exclude the companies Thales SA and DRD Gold Limited from the...