Norway's Pension Fund to boost investments in Asia

clock

NORWAY/ASIA - Norway's sovereign wealth fund, the world's second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.

The fund is currently underweight in Asia, said Gjedrem, who is in Singapore as part of yesterday's opening of Norges Bank Investment Management's second Asian office. He declined to say how much m...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Norway

Norway pension fund loses $52bn in Q3

NORWAY - The Government Pension Fund Global returned -8.8% or -NOK284bn ($52bn) due to stumbling global stock markets, third quarter results show.

clock 28 October 2011 •

EDB ErgoGroup settles dispute over DB, DC pension switch

NORWAY - EDB ErgoGroup ASA has agreed to costs totalling some NOK9m ($1.7m) per year to settle a pension dispute with employee unions over its decision to transfer some staffers from a defined benefit to a defined contribution plan.

clock 25 August 2011 •

Norway Global Fund overseer resigns

NORWAY - The Ministry of Finance has confirmed that Martin Skancke has resigned his position as head of the department overseeing the Government Pension Fund Global.

clock 25 August 2011 •
Trustpilot