Norwegian government

norweigen sovereign wealth

Norwegian Sovereign Wealth Fund Makes A Shift In Management Strategy And Will Carry Out Historic Asset Sale

The Norwegian Global Pension Fund, the world’s largest sovereign wealth fund with assets of around $1 trillion, will be subject to a withdrawal of funds by the Norwegian government which could amount to $41 billion, which amount 4,2% of legally established limit on the fund’s reimbursements. Just two months ago, at the height of the market crisis, the big message for the sovereign wealth funds was that they would not resort to redemptions involving asset disposals.