Newsmakers
NBIM Real Assets CIO Mie Caroline Holstad to Depart
The departure comes as the fund consolidates its real assets and equities business units.
Tag: Norges Bank Investment Management
Asset Allocation
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Asset Allocation
World’s Largest Sovereign Wealth Fund Climbs Closer to $2T
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
Asset Allocation
NBIM Commits 900M Euros to Renewable Energy Fund
Copenhagen Infrastructure Partners CI V will invest in wind, solar energy, energy distribution and storage.
Asset Allocation
Norway’s Pension Fund Global Returns 2.1% in Q2; Asset Value Rises to $1.69T
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.
Pensions
Norway’s NBIM Takes Top Spot as World’s Largest Asset Owner
Japan's GPIF was dethroned due to a weak yen, despite strong fiscal returns in 2023.
Asset Allocation
Norway Pension Giant Excludes 2 Firms for Alleged Human Rights Violations
A Norges Bank probe revealed cases of rape and harassment at plantations owned by France’s l'Odet and subsidiary Bolloré.
Asset Allocation
NBIM Takes Stake in UK-Based Offshore Wind Project
The 37.5% stake in ’Race Bank’ is worth $419 million.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Asset Allocation
Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Alternatives
NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Asset Allocation
Norges Bank Reports Early Signs of Success in 1st Year of Climate Action Plan
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Asset Allocation
Norway’s Pension Fund Global Rebounds in 2023, Still Misses Benchmark
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
Alternatives
Government Pension Fund Global Asks Parliament for PE Permission
Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.
Asset Allocation
Norway’s Pension Giant Bulks Up Boston Commercial Real Estate Holdings
The $1.44 trillion Government Pension Fund Global has been investing in office real estate in the area since 2013.