Norway Government Pension Fund Global

Norway SWF on Path to $1 Trillion in Assets

Norway’s Government Pension Fund Global (GPFG) revealed its second quarter 2017 figures. The wealth fund had surpassed US$ 954 billion in assets at the end of June, on its path toward US$ 1 trillion. For the second quarter of 2017, the fund returned 2.6%, or 202 billion NOK. The listed equity allocation for the fund […]


Norway SWF Expands Manhattan Property Empire

On August 18, 2017, Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), acquired a 48% interest in 375 Hudson Street in New York City, in joint venture with Trinity Church Wall Street and Houston-based Hines. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


DECADE: Norway Sovereign Wealth Still Views Wal-Mart as a Human Rights Violator

Norges Bank, the overseer of Norway’s Government Pension Fund Global (GPFG), typically follows given recommendations from the Council on Ethics appointed by Norway’s Ministry of Finance when it comes to excluding companies for the sovereign wealth fund. For over a decade now, Wal-Mart Stores Inc. and Wal-Mart De Mexico SA de CV remain on the […]


Norway’s Ministry of Finance Names Commission to Study Wealth Fund Investments

Norway’s Ministry of Finance named a commission to analyze, review and assess the current management of Norway’s Government Pension Fund Global (GPFG). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Could Norway’s Sovereign Wealth Fund Become a Major Private Equity Investor?

Norway’s Ministry of Finance has convened a panel of experts to see if Norway’s Government Pension Fund Global (GPFG) should invest in unlisted companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Sells Central Paris Property to Norway’s SWF

On July 28, 2017, Norges Bank Real Estate Management, a real estate unit of Norges Bank Investment Management (NBIM), acquired a 100% ownership interest in 6-8 boulevard Haussmann property, located in central Paris, for €462.2 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Fund Buys Axel Springer Berlin Office Development

On July 14, 2017, Norges Bank Real Estate Management acquired a 100% interest in the new building Axel-Springer-Neubau, which is currently under construction in Berlin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway SWF Invests in Another DC Property

Norges Bank Real Estate Management, the real estate unit of NBIM, partnered with Oxford Properties Group to acquire 900 16th Street in Washington, D.C., a mixed-used property. NBIM is taking a 49% interest in the building and investing US$ 74 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Hansae and Hansae Yes24 Placed Under Watch by Norway’s Sovereign Fund

Norway’s sovereign wealth fund has put its investment interests in Hansae Co Ltd and Hansae Yes24 Holdings Co Ltd under observation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 26, 2017

NBIM Advocated Excluding Non-Voting Share Companies from Major Indices [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Yngve Slyngstad

NORWAY SWF: Climate Change Disclosures Could Seep into Bank Lending Practices

After a majority of shareholders at ExxonMobil voted in favor of climate change disclosure, will there be more disclosure requirements for Europe’s largest banks in the next few years? [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SHOE DROPS: GM Faces Suit on Alleged Diesel Emissions Cheating

Car manufacturers are under the sword from law firms and regulatory agencies when it comes to diesel nitrogen oxide emissions testing. Nissan, Subaru, Fiat Chrysler, Daimler AG, have all been accused or sued for using methods to dodge emission rules. The first casualty of stemming from the scandals was Volkswagen, which paid a heavy price […]


Norway’s Sovereign Wealth Fund to Await Climate Change Research Results from NY Universities

The Norwegian Finance Initiative (NFI) has awarded two research grants for two separate research projects at Columbia University and New York University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 37

Here is a short Follow the Money Show episode after a long-hiatus. This podcast was recorded on May 17, 2017. Download the Episode CONTENTS 1:15 GIC Selling Off its UBS Stake 3:30 Norway’s Sovereign Fund Expands Regent Street Partnership 4:50 One-Belt One-Road, Silk Road Fund Gets More Funding Follow the Money Show is available on […]


roads

Norway’s SWF Expands Regent Street Partnership with The Crown Estate

Norway’s Government Pension Fund Global (GPFG) has strategically expanded its presence in central London. The Regent Street Partnership is a venture between Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), and The Crown Estate. NBIM has a 25% stake in the Regent Street Partnership. The partnership acquired ownership […]


SWFI First Read, May 12, 2017

Temasek Participates in Another Investment Round in Virtual Reality Startup Japan-based SoftBank Group Corporation is leading a group of investors to invest in London-based Improbable Worlds Limited, a virtual reality startup. It is a US$ 502 million investment. Returning investors include Temasek Holdings, Andreessen Horowitz and Hong Kong-based Horizon Ventures. These returning investors participated in […]


Why Sovereign Wealth Funds Love Real Estate

Despite Norway’s sovereign wealth fund having a hard time finding suitable properties in Tokyo and in other core Asian cities, sovereign investors in the aggregate have steadily put capital to work in real estate. Even micro sovereign funds like the one owned by the Republic of Nauru, has ownership in Houston office real estate. The […]


Sovereign Funds Ramp Up Healthcare Investments

With the United States experiencing an economic recovery, the healthcare industry is expected to prosper as it remains a significant proportion of the country’s gross domestic product (GDP). Sovereign investors are increasing positions in health-related industries such as pharmaceuticals, genome analysis and diagnostic technologies, while large Canadian pension plans have been investing in specialty healthcare […]


SWFI First Read, May 9, 2017

Apple is Almost Worth More than Norway’s Sovereign Wealth Fund On April 8, 2017, Apple stock roared, going higher than US$ 153.44 per share, giving the tech company a market capitalization of over US$ 800 billion. In March 2017, Norway’s wealth fund broke the US$ 900 billion barrier, approaching US$ 1 trillion in assets. KIA […]


Bharat Heavy Electricals Excluded from Norway SWF List

Norway’s Government Pension Fund Global (GPFG) added a company to its exclusion list. The company added to the exclusion list is Bharat Heavy Electricals Limited, an engineering and manufacturing company based in New Delhi. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]