Tag: Norges Bank

Asset Allocation September 3, 2020

Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations

The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’

Coronavirus - COVID-19 August 19, 2020

The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.

Asset Allocation July 21, 2020

Norway’s sovereign wealth fund, which has been divesting coal and oil stocks, has the Australian company on a kind of probation.

Asset Management Culture May 18, 2020

However, weak krone erases over $438 million in value from now-excluded holdings.

Newsmakers April 21, 2020

Norges Bank investigates outgoing CEO’s flight on luxury jet paid for by incoming CEO before his hiring.

Asset Management Culture March 19, 2020

Norway’s central bank is ramping up spending amid greater calls from the government for a stimulus package.

News November 27, 2019

Fund says firm is risky due to ‘systematic human rights violations.’

Corporate Moves October 31, 2019

Yngve Slyngstad to step down after 12 years running the $1.09 trillion fund.

Asset Allocation July 1, 2019

Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.

Newsmakers May 3, 2019

Yngve Slyngstad, who manages the money of the world’s largest sovereign wealth fund, thinks environmentally minded rules may hurt returns.

Corporate Moves April 4, 2019

World’s biggest sovereign wealth fund adds some top officials from its property arm, now being sucked into the investment division.

Newsmakers March 26, 2019

Fund says rubber company’s plantations will lead to irreversible changes in the ecosystem.

Newsmakers March 1, 2019

How overreliance on one asset class led to a $56.6 billion wipeout.

Newsmakers February 11, 2019

New organization model coming in April.

Risk January 23, 2019

Fund divests one company due to human rights violations, and two for coal activities.