Norway S Sovereign Wealth Fund

Reserves are funds set aside for investment to benefit the country s economy and its citizens.
Norway s sovereign wealth fund. The norwegian government pension fund global. The government pension. Norway s huge pension fund the largest sovereign wealth fund in the world reported negative returns for the first half of the year on tuesday citing major fluctuations in equity markets. Earlier this week it was announced that norway s sovereign wealth fund surpassed the 1 trillion mark for the first time.
The aim of the oil fund is to ensure responsible and long term management of revenue from norway s oil and gas resources in the north sea so that this wealth benefits both current and future generations. The fund s formal name is the government pension fund global. What is a sovereign wealth fund. Norway unexpectedly took almost 400 million from its sovereign wealth fund in august marking the first withdrawal in over a year as western europe s biggest petroleum producer takes advantage.
The government pension fund global also known as the oil fund was established in 1990 to invest the surplus revenues of the norwegian petroleum sector it has over us 1 trillion in assets including 1 4 of global stocks and shares making it the world s largest. A sovereign wealth fund swf is a state owned investment fund or entity which comprises of pools of money derived from a country s reserves. The world s biggest state piggy bank just passed a major milestone. Norway s sovereign wealth fund the world s largest named a london based hedge fund manager as its new chief executive on thursday and said it had lost 124 billion 104 billion pounds this year.
Norway s fund set up in 1990 to preserve the nation s oil and gas wealth for future generations is the biggest sovereign fund in the world owning around 1 5 per cent of all shares in listed. The world s largest sovereign wealth fund which manages 1tn 770bn of norway s assets is to dump investments in firms that explore for oil and gas but will still hold stakes in firms.