SWF transparency fosters talent: Norway's Kjaer

Sovereign wealth funds should be more open in order to attract the best staff, not to appease regulators, the former head of Norway's Government Pension Fund - the most transparent of the public-sector investors - has said.

Knut Kjaer, the first chief executive officer of Norges Bank Investment Management, which manages the fund, who stepped down at the start of 2008, said at Central Banking Publications' Sovereign Wealth Management event that funds needed clearer governance structures and ob

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