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It consists of two entirely separate sovereign wealth funds: the Government Pension Fund Global and the Government Pension Fund Norway. The Government Pension Fund Global ( Statens pensjonsfond utland ), also known as the Oil Fund ( Oljefondet ), was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector .
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
' Bank of Norway ') is the central bank of Norway. It is responsible for managing the Government Pension Fund of Norway, which is the world's largest sovereign wealth fund, [4] as well as the bank's own foreign exchange reserves. [5]
OSLO (Reuters) -Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next ...
Norway's trillion-dollar sovereign wealth fund plans to dump 134 oil and gas stocks from its benchmark index, the finance ministry announced on Friday.
The fund, which invests the Norwegian state's revenues from oil and gas production, is one of the world's largest investors, owning on average 1.5% of all listed stocks worldwide.
The term "sovereign wealth fund" was first used in 2005 by Andrew Rozanov in an article entitled, "Who holds the wealth of nations?" in the Central Banking Journal. [1] The previous edition of the journal described the shift from traditional reserve management to sovereign wealth management; subsequently the term gained widespread use as the spending power of global officialdom has rocketed ...
The CEO of Norway’s $1.6 trillion sovereign wealth fund has a fun side gig: Hosting a podcast that features top C-suite execs like Elon Musk, Michael O’Leary, and Ana Botín