Norway is looking into whether GPFG, the world’s largest sovereign fund, should take on more diversifying assets and expand its tracking error. The fund’s ESG performance is also under review.
In the six years since Norway’s finance ministry approved the $871 billion Government Pension Fund Global invest in foreign real estate, its real estate arm has built a substantial portfolio.
There are three primary motives for investors to act responsibly, argues Elroy Dimson, chairman of the Newton Centre for Endowment Asset Management, Cambridge Judge Business School and Emeritus Professor of Finance at the London Business School, speaking on the first day of the UN-supported PRI in Person conference at London’s ICC, ExCel conference centre. The first is complicity,... Read more »
The $46 billion Norwegian DNB Livforskiring has a conservative strategy but it should not be confused with a static approach. The fund revises the investment strategy of its defined benefit offering on an annual basis. Norwegian pension investor DNB Livforsikring is set to stick to a conservative investment strategy due to continued regulatory pressures,... Read more »
The Norwegian government should establish a new fund, the Government Pension Fund – Growth, to invest in developing countries, resulting in the dual benefits of jobs creation and investment returns for the fund, recommends a report by Re-define, commissioned by Norwegian Church Aid. The NCA, which is a member of the humanitarian alliance, Act Alliance,... Read more »
From a risk management perspective, tail risks and return distribution asymmetries of investments are important to analyse. Norges Bank Investment Management (NBIM) in this note describes a modelling approach that addresses some of the weaknesses of standard risk models. It uses the model internally as a complement to standard models to evaluate tail risk in foreign-exchange... Read more »
A report finding Norway’s $582.7-billion sovereign wealth fund could face significant losses in a range of climate-change scenarios is unlikely to result in changes to the fund’s investment strategy, Norway’s state secretary Hilde Singsaas says. Norway’s Ministry of Finance released the report into the Government Pension Fund Global’s (GPFG) that it commissioned from Mercer and... Read more »