SWFI First Read, March 7, 2016
Norway’s Sovereign Fund Bans San Leon Energy Over Ethics
Norway’s sovereign wealth fund cannot invest in San Leon Energy Plc, a specialist oil and gas company with an extensive portfolio of assets across Europe and North Africa. Norges Bank had decided to exclude the company from the wealth fund’s investment universe due to an assessment of the risk of particularly serious violations of fundamental ethical norms. Norges Bank Executive Board’s decision on exclusion was made on the basis of the recommendation of the entity’s Council on Ethics.
BlackRock Struggled with Gold ETF Demand
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