Norway Government Pension Fund Global

Kingdom of Norway US$ 882 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1990
Transparency Rating: 10
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Firm Investment Style: Index
Entity Structure: Fund
Population Est.: 5.06 million – 2013
Wealth Per Capita Est.: US$ 174,308

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Consultants and SPs

Key Executives and People

Board and Advisors


Main Office

NBIM Head Office
Norges Bank Investment Management (NBIM)
Bankplassen 2
P.O. Box 1179 Sentrum
NO-0107 Oslo, Norway
Tel: +47 24 07 30 00

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Governance

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Norges Bank Investment Management

Summary

The Government Pension Fund Global (GPFG) is a sovereign wealth fund where the surplus wealth produced by Norwegian petroleum income is held. The fund changed name in January 2006 from its previous name the Petroleum Fund of Norway. The fund is commonly referred to as the Petroleum Fund (Norwegian: Oljefondet). It is not actually a pension fund as it derives its financial backing from oil profits and not pensioners.

In 2013, the NBIM created a corporate Governance Advisory Board to strengthen its long-term active ownership. The advisory board will assist in board nomination practices with regard to the sovereign fund’s listed equity investments. In addition, the board will serve as a body on active ownership and regularly assess NBIM’s ownership activities relative to optimal practices. Listed companies that undergo strategy shifts, takeovers or capital restructurings may receive board advice. Target companies will be firms in which the NBIM owns more than US$ 1 billion in shareholdings.

Background on Norway Government Pension Fund Global

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Historical Assets Under Management

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