Norway's Gjedrem on wealth management

In the speech 'Wealth management in a public setting' given on 18 September Svein Gjedrem of Norges Bank said Norway's vast state pension fund, which invests the country's oil wealth, is considering investments in riskier assets in search of higher returns.

"The investment strategy has so far aimed at low return volatility, perhaps to a larger extent than is reasonable for a fund that is meant to be permanent," said Svein Gjedrem, governor of Norges Bank, which manages the $248bn fund.

"The

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