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Norway’s SWF Dumps More Euro Debt Amid Uncertainty in Europe

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Yngve Slyngstad

Yngve Slyngstad

French Socialist Francois Hollande was elected President of France. Mr. Hollande is France’s first Socialist president in 17 years and institutional investors are concerned since he calls for less austerity. At the same time Greek votes migrated to political parties who professed an anti-bailout dogma. From a public investor standpoint European sovereign risk will be mounting in the next couple of weeks until there is some clarity in policy and goals. The looming question is the future of the Euro and the clashing of policies between Germany and France.

How does this affect sovereign wealth funds in the short-term to long-term in asset allocation decisions?

Norway’s GPFG Select European Sovereign Debt Exposure

Country Holdings in US Dollars
France 13,732,800,000
Germany 8,828,210,000
Italy 5,664,820,000
European Investment Bank 4,147,750,000
Spain 3,093,790,000
Ireland 656,213,000
Greece 260,869,000
Portugal 127,850,000
**Brazil 540,557,000

Source: Norges Bank Investment Management – May 6, 2012

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Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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