Governments must formulate policy on sovereign wealth funds because the amount of state assets under management is likely to shoot up in coming years.
Anne Kvam, a legal director at paper producer Norske Skog, will replace Henrik Syse, as head of corporate governance at Norges Bank Investment Management, the Central Bank of Norway's sovereign wealth fund.
Knut Kjr announced his resignation as head of Norges Bank Investment Management (NBIM), which manages the country's oil-fuelled $330 billion pension fund and the bulk of the central bank's forex reserves.
The Bank of Norway said that the return on Norway's government pension fund was 2.2% in the second quarter.
The Russian Stabilisation Fund, which manages part of the foreign-currency proceeds from the country's oil exports, earned more than R85 billion ($3.4 billion) in the year to 1 July.
"[The] euro area is fully equipped to manage its own currency ... [but] better discipline is required in the preparation of the euro area's position to ensure that a consistent message is sent to its partners," Lorenzo Bini Smaghi, member of the…
Norway's Government Pension Fund - Global produced a total return on investment of 1.5% during the first quarter of 2007, which the Bank of Norway said was 0.09 percentage points above the benchmark set by the government.
The first in-depth investigation into Sovereign Wealth Management, published Thursday 29 March, estimates excess reserves currently held by central banks in emerging market economies at between $1.5 trillion and $2 trillion, and suggests that this number…
Mohamed El-Erian discusses how a re-focused Fund can now tackle the big issues facing the global economy
Rapid growth in the size and number of national commodity funds means a new approach to managing them is required, says Andrew Rozanov.
HONG KONG - A Hong Kong Monetary Authority official said she was not optimistic about the investment return of the territory's Exchange Fund for 2001 because of volatility in the U.S. stock market.
HONG KONG - The Hong Kong Monetary Authority announced on Mar 30, 2001 the operating results of the Exchange Fund for the year 2000, with profits hit by a volatile investment environment.
Norway's Oil Fund will annouce its results on Mar 9, 2001 when it presents its annual report for 2000 at a press conference.
Hong Kong's Exchange Fund of financial reserves may show only a modest profit this year due to a substantial fall on the local stock market and a sharp drop in the euro , the de facto central bank said on Dec 28, 2000.