Norges fund plans to take on more risk

Report of a FT interview with Pål Haugerud, head of asset management in Norway’s Ministry of Finance, August 2012. He was discussing the investing strategy of the Norges Bank Investment Management, Norway's sovereign wealth fund.

He suggested that the fund was planning to take on more risk as it sought to exploit its role as a strategic investor, in a move that could mark a new trend for conservative publicly-owned investment funds.

The fund and the Norwegian government had been reviewing its strategy since coming under heavy criticism domestically for posting big losses in 2008 during the financial crisis.

See also the major analysis feature 'Norway's national nest egg' published in the FT on the 20 August 2012 (accessible via related url hyperlink)

Norway: Ministry of Finance: Selected topics: Government Pension Fund http://www.regjeringen.no/en/dep/fin/Selected-topics/The-Government-Pension-Fund.html?id=1441

ESO: Background information: Norway’s volatile wealth fund hits new peak http://www.europeansources.info/record/norways-volatile-wealth-fund-hits-new-peak/

Wikipedia: The Government Pension Fund of Norway http://en.wikipedia.org/wiki/The_Government_Pension_Fund_of_Norway

Blog: Re-define: Sony.Kapoor's blog, 22.08.13: Norway's SWF - A risky strategy that locks in low returns http://www.re-define.org/blog/thu-08222013-0857/norways-swf-risky-strategy-locks-low-returns

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