Manager Selection
NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Tag: Norway
Market Moves
NBIM Touts Governance, Activism Track Record in 2024
Norges Bank Investment Management, manager of the world's largest sovereign fund, released its 11th annual responsible investment report, highlighting progress in its climate action plan.
Asset Allocation
Tech Rally Buoys Norway Sovereign Wealth Fund’s 13% Return
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
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
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
Japan’s GPIF Reclaims World’s Largest Pension Fund Title
The pension giant also released an annual survey evaluating the stewardship of its external asset managers.
Asset Allocation
Norway’s Central Bank Adds 3 Firms to Government Pension Fund Global’s Exclusion List
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
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.
Pensions
Norway’s KLP Pension Announces Divestments From Gulf Countries Over Human Rights
The exclusion was the fund's eighth such announcement this year.
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 Sovereign Wealth Fund Drops $44.7B in Market Value in Q3
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.