NEWS

The Economist: The departing boss of Norway’s oil fund on building an asset manager

Category: Business News

There is a point in a conversation with Yngve Slyngstad when he invokes Bjorn Borg, the Nordic tennis star of the 1970s. The Borg approach—make sure you don’t lose; above all, be solid—is one Mr Slyngstad has instilled in Norges Bank Investment Management (NBIM), the organisation he has run since 2008 from within Norway’s central […]

Source: The Economist

Published: April 4, 2020

Reuters: Hedge fund manager to lead Norway sovereign fund after $124 billion loss

Category: Business News

OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion (104 billion pounds) this year as stock markets tanked due to the coronavirus pandemic. Norwegian-born Nicolai Tangen, until now chief executive of AKO Capital, which […]

Source: Reuters

Press Release: Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements with other central banks

Category: Business News

The Federal Reserve on Thursday announced the establishment of temporary U.S. dollar liquidity arrangements (swap lines) with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank (Denmark), the Bank of Korea, the Banco de Mexico, the Norges Bank (Norway), the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and […]

Source: The Federal Reserve

Bloomberg: Richest Nordic Nation Gets Banking Giant After Rates Diverge

Category: Business News

Norway is the only Scandinavian country that never resorted to negative interest rates. It now seems clear that its monetary policy choices helped its biggest bank. DNB ASA, which is based in Oslo, has enjoyed growth in recent years as most of its biggest competitors have fallen behind. Its share price has swelled so much […]

Source: Bloomberg

Reuters: Norway wealth fund, Prologis in $2 bln real estate acquisition

Category: Business News

OSLO, Nov 25 (Reuters) – Norway’s sovereign wealth fund and property investment group Prologis Inc have agreed to jointly buy a $1.99 billion logistics real estate portfolio, Norges Bank Investment Management (NBIM) said in a statement. “The portfolio consists of 127 properties located across multiple U.S. markets, including Southern California, San Francisco Bay Area, Seattle […]

Source: Reuters