SWFI First Read, May 31, 2016

Posted on 05/31/2016


MISSED OPPORTUNITY: Norway SWF Was Pitched Facebook When It Was Private Norway’s sovereign wealth fund passed up investing in social networking giant Facebook before its initial public offering (IPO). Facebook had reached out to Norges Bank Investment Management (NBIM) before its IPO to see if they wanted to invest. Wealth fund rules governing it prevented […]