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Norway SWF CEO States Fund Objective is a High Return

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Norway’s Finance Minister commented that the government will present its official view on the proposal to exclude energy listed equities from the sovereign fund’s reference index in the Autumn of 2018. There is a chance the sovereign wealth fund could invest in renewable unlisted infrastructure by mid-2019, depending on approvals.

In addition, at an annual hearing in Norwegian parliament on May 4, 4018, Yngve Slyngstad, CEO of Norges Bank Investment Management stated, “We manage the financial wealth of future generations in a controlled, efficient, responsible and transparent manner. But we will never lose sight of the fact that the objective is a high return.”

Norges Bank Investment Management oversees the Norway Government Pension Fund Global.

Crown Court Dismisses Charges on Barclays Qatar Loan Deal

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Barclays can breathe some fresh air for now over a high-profile corporate case. In February 2018, the U.K. Serious Fraud Office (SFO) had brought charges against Barclays and Barclays Bank in regard to the capital raising deals made in 2008. The bank could have lost its banking license, if found guilty of the charges. A number of bank executives were personally charged as well.

The Charges

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Mubadala Participates in PLT Platform Expansion

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The Russian Direct Investment Fund (RDIF) corralled a number of Middle Eastern funds, including the Mubadala Investment Company, to augment investment exposure to a logistics infrastructure investment platform called Professional Logistics Technologies (PLT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ireland Finance Minister Donohoe Reveals Rainy Day Fund Targeting €8 Billion

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On May 23, 2018, Ireland Finance Minister Paschal Donohoe revealed that Ireland is planning to create a new rainy day fund, setting aside approximately €8 billion in the medium-term to buffer the country from future economic shocks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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