How sparsely populated Norway amassed $1.8 trillion
Summary by Fortune
1 Articles
1 Articles
How sparsely populated Norway amassed $1.8 trillion
Of all the world’s sovereign wealth funds, Norway’s is one of the most unusual. These giant, state-linked investment vehicles tend to pick and choose what assets they hold to manage risk, maximize returns and further national strategic interests. Not so with Norges Bank Investment Management, which largely tracks global indexes in order to generate an income from the country’s oil and gas revenues. Launched in the early 1990s to invest mostly i…
·New York, United States
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