Norwegian Pension (GPFG)

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Norway Dodges an Opportunity

Bloomberg News: The Norwegian government is resisting calls for its $873 billion sovereign wealth fund, the world’s biggest, to add unlisted infrastructure projects to its portfolio of stocks, bonds and real estate. It should relent, recognizing both the financial and societal benefits from expanding the universe of potential investments available to the fund. But what […]

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Norway Government Digs in Against Renewable Infrastructure Investment, Ensuring ‘Further Debate on This Topic’

Reuters: The minority government repeated it was opposed to letting the fund invest in unlisted infrastructure such as roads, bridges and wind farms, due to the political risk these investments may carry and their high transaction costs. It had opposed loosening the rules in last year’s review but lawmakers had said the question should be […]

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Norway Pension Fund Expands Coal-Industry Divestment

Rachel Fixsen for Investment & Pensions Europe: The Norwegian Government Pension Fund Global (GPFG), the country’s NOK7.5trn (€830bn) sovereign wealth fund, has decided to exclude another 15 companies from its investments because of their coal business, bringing the total number it has shut out to 59. The exclusions follow Norges Bank Investment Management’s second round […]

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