Norges's Gjedrem praises SWFs

Debate on sovereign wealth funds (SWFs) should reflect their potential to benefit international financial markets, said Svein Gjedrem, the governor of the Norges Bank.

Examples of these benefits include enhancing market liquidity and financial resource allocation, the governor said.

"Typical features of these types of funds are long-term investment horizons, no leverage and no demands for the imminent withdrawal of funds, unlike the growing number of leveraged hedge funds."

For these reasons, SWFs

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