(HITC Business) The 7.48 trillion Norwegian krone ($903 billion) fund – the largest sovereign fund by assets under management – currently receives all of Norway’s oil and gas income and parliamentary approval would be required to ensure the changes are ratified. The fund currently targets an equity allocation of around 60 percent but Prime Minister Erna Solberg’s government hopes to see this dialed up to 70 percent….
World’s Largest Sovereign Wealth Fund is Undergoing Drastic Changes and Ratcheting up Risk Appetite
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