
Asset Allocation
NBIM Acquires Stakes in Offshore Wind Farms
The Norwegian sovereign fund will take a $1.5 billion stake in projects in Germany and Denmark.
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.