Knut Kjr quits Norway's oil fund

Knut Kjr announced his resignation as head of Norges Bank Investment Management (NBIM), which manages the country's oil-fuelled $330 billion pension fund and the bulk of the central bank's forex reserves.

Kjr said he was leaving the fund to pursue new challenges but will remain with the fund until a successor has been found. The governor of Norges bank, Svein Gjedrem, praised his contribution during a particularly important phase of the Fund's development. "Kjr has contributed to achieving ex

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