Norges Bank Investment Management (NBIM)
Norwegian SWF manager buys major London development
Norwegian sovereign wealth fund manager NBIM pays $373m in deal for London development; adds to the $22.7bn the fund held in real estate at end of Q2
Norway’s oil fund suffers loss in second quarter
Losses of about $9 billion were largely driven by the fixed-income portfolio, although equities delivered a weak performance; NBIM takes a more activist stance
NBIM report urges stock exchanges to prepare for next phase of development
Technological and regulatory changes have led to faster, more fragmented markets, and stock exchanges need to adapt if they are to keep up; latency race to zero is a ‘dead end’, says fund
Norway’s oil fund boosted by market rally and weak krone
Fund returns 5.3% in the first quarter, a new record in krone terms, led by strong equity returns and weak currency; fund continues to use clout to encourage ethical decisions by firms
Norway SWF pioneers new activist approach at BP and Shell AGMs
Norges Bank Investment Management says it will vote in favour of resolution for more in-depth reporting of climate change risks by BP in AGM tomorrow
The winners of the Central Banking Awards 2015
Raghuram Rajan wins Governor of the Year while Reserve Bank of New Zealand picks up Central Bank of the Year; Jacques de Larosière honoured with Lifetime Achievement Award; 12 more awards announced
Norway SWF suffers weakest quarter in two years
Government Pension Fund Global returns 0.1% in third quarter following losses on European stocks; acquired several properties in EU and US
Norway SWF manager doubles leadership team
Norges Bank Investment Management sets up separate ‘leader group' for real estate investments; wealth fund returns 3.3% ($31 billion) in second quarter
Norwegian SWF plans $27bn expansion into real estate
New focus on real estate investments part of Norway's sovereign wealth fund strategy through 2016, which will see it hire 230 more staff and employ more external managers
Norway SWF axes JP Morgan as global custodian
Citi has secured custody responsibility for Norway's Government Pension Fund Global's $850 billion global equities portfolio
Fixed income drives Q1 returns for Norway SWF
Norway's huge sovereign wealth fund earned a 1.7% return in the first quarter of this year, with all asset classes solid if unspectacular
Norway hands SWF ethical investment responsibilities to central bank
Finance ministry disbands external ethical investment committee, putting responsibility for decisions with Norges Bank Investment Management
Norway oil fund sets sights on more real estate
The Government Pension Fund Global saw 16% return in 2013, driven by equities gaining 26.3% while fixed income didn't budge; real estate is a growth area
Norges Bank review calls on MPC to relinquish control of wealth fund
Annual report published today raises ‘serious concern' over monetary policy committee's capacity to oversee $830 billion wealth fund with most members having other full-time jobs
Norwegian governor backs SWF rotation into higher-yielding equities and real estate
Øystein Olsen says it is ‘natural' for the country's pension fund to invest in different types of real assets; talks up the possibility of an above-average market return
Norges Bank should make ethical investment decisions for SWF, say government advisers
Report sets out ways for pension fund to boost influence over responsible investments, aiming to increase long-run returns; recommends concentrating decision-making power at Norges Bank
Norwegian SWF far too exposed to OECD nations, report finds
NCA/Re-Define report calls for 20% of Norway's GPF foreign assets to be allocated to development finance, as Peterson Institute again gives fund top marks for transparency and accountability
Norway’s SWF buys US property for first time
East coast offices the latest purchase in pension fund’s real estate expansion; also reflects diversification away from European holdings
Norway’s pension fund loses $13 billion in second quarter
Continuing problems in the euro area and fears about global economy weigh heavily on the performance of Norway’s sovereign wealth fund, which has switched investment to equities and emerging currencies
Norway SWF manager surveys companies’ social and environmental risks
Norges Bank Investment Management assesses the social and environmental reporting levels of companies the sovereign wealth fund has invested in or is considering investing in
Norges Bank announces operational changes
Norwegian central bank to create third core function department; new structure to come into effect at beginning of June
Norway’s SWF hit by equity slump
Norwegian Government Pension Fund Global reports small gain as fixed-income investments make up for decline in equity portfolio
Norway SWF adds more London properties to portfolio
Norwegian Government Pension Fund Global takes 25% share in two London properties; move follows $700 million investment in London’s Regent Street
Norway SWF adds $1 billion stake in Paris to portfolio
Norwegian Government Pension Fund Global takes half-share in seven downtown Paris properties; move follows $700 million investment in London’s Regent Street