
Manager Selection
NBIM Commits $800M to Blackstone Logistics Real Estate Fund
The strategy will invest in warehouse properties across the U.S. and Canada.
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.