Norway’s Gjedrem bids to hold on to wealth fund role

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The governor of the Norges Bank has hit out at proposals to strip the central bank of its management of the country's Nkr3 trillion ($513 billion) sovereign wealth fund.

Bloomberg, a news agency, reported Svein Gjedrem, the governor of the Norges Bank, as saying in an interview in Oslo on Tuesday: "Norges Bank has been important for the oil fund in the past and I think also in the future that may be the case". When asked whether there was any need to change the management structure of the Govern

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