Norway set to shift investment strategy after poor SWF performance

oeystein-olsen-norges

Øystein Olsen, governor of the Norges Bank, today said that the country's Government Pension Fund Global should rebalance its investments away from Europe and towards emerging markets, following the fund's poor performance last year.

Yngve Slyngstad, chief executive of Norges Bank Investment Management, which oversees the country's two sovereign wealth funds, said the Government Pension Fund Global garnered a return of –2.5% last year, the third-worst performance in its history. Slyngstad attrib

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