Tagged: Government Pension Fund

New Management Team at Norway’s Oil Fund

Norges Bank Investment Management (NBIM) has formed a new executive team with broad international competence. “This completes the final phase of an extensive reorganisation at NBIM that started with the appointment of Yngve Slyngstad...

Record-high return for Norway’s oil wealth fund in 2Q

International equity and fixed income markets showed a marked improvement in the second quarter. The return on the Government Pension Fund – Global was 12.7 percent (NOK 270 billion) and the excess return 2.1...

Norway oil fund grew 5 pct in May to $359 billion

OSLO, June 15 (Reuters) – Norway’s sovereign wealth fund grew by 5 percent to a preliminary NOK 2.308 trillion (USD $359 billion) in May from the end of April, the central bank’s monthly balance...

Government Pension Fund: Climate on the agenda

Norway aims to set aside billions of dollars on oil cash to invest in environmental technology or sustainable development projects in emerging markets. Over the next five years, the pension fund will buy environmental company...