The September 2013 electoral victory of a center-right coalition after eight years of Socialist rule promised to bring changes to Norway, including to the countrys vaunted sovereign wealth fund. Erna Solberg, the leader of Norway's Conservative Party and the countrys new prime minister, had promised to review the funds structure and policies. During the election campaign, she noted that the investments "might be too big to be handled by just one fund." She added, "You could split it either on getting different handlers to compete better, or have different objectives for your investments in different funds. Were going to explore it, develop and see if its a good idea."
The concept of the sovereign fund as strong financial instrument which serves for stability of the country's financial system is realized in Norway under the framework of the Norwegian Government Pension Fund.
This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world’s capital markets.
T. HE NORTH SEA IS A FORMIDABLE PLACE MOST DAYS OF THE year and it was no different in autumn 1969. A drilling rig contracted by the Oklahomabased Phillips Petroleum was plying these grim waters in what seemed like the vain search for ...
Research Paper (undergraduate) from the year 2017 in the subject Politics - Topic: Globalization, Political Economics, University of applied sciences, Munich, language: English, abstract: This assignment investigates the decisions that were ...
Applied in this book to the world's four largest SWFs - Government Pension Fund-Global of Norway, Abu Dhabi Investment Authority of the United Arab Emirates, Temasek of Singapore, and the National Wealth Fund of the Russian Federation, this ...
Examines the interplay of social security and pensions in a variety of nations.
This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (iii) discusses the ...
The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments.
Achieving Investment Excellence spans the relevant fields." Theresa Whitmarsh, Executive Director, Washington State Investment Board, United States "This book is a great addition to financial literature.
This book studies governance capacity and governance legitimacy for societal security and crisis management.