Norway sets new mandate for management of oil fund

clock •

NORWAY - Norway's Finance Ministry issued a new formal mandate for the management of the Government Pension Fund Global, the world's second-largest sovereign wealth fund.

The new mandate, which becomes effective on January 1, will require the $520bn fund to seek to limit the scope of its investments in so-called junk-rated bonds to 3% of the market value of the fund...

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

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.

Jaishree Kalia
clock 28 October 2011 •
Norway

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.

Raquel Pichardo-Allison
clock 25 August 2011 •
Norway

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.

Jonathan Boyd
clock 25 August 2011 •
Trustpilot