Gjedrem signals objection to losing $520bn fund

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NORWAY - Norges Bank Governor Svein Gjedrem signaled his opposition to removing Norway's $520bn oil fund from the central bank after a Cabinet minister suggested the fund's size may require putting it under new management in future.

"Norges Bank has been important for the oil fund in the past and I think also in the future that may be the case," Gjedrem said in an interview in Oslo yesterday. Asked whether there is any need to...

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