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The World's Biggest Wealth Fund Hits $1 Trillion


Norway’s Sovereign Wealth Fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar.


Meanwhile, Norway’s politicians are finding it hard to resist the temptation to raid the world’s biggest state piggy bank, with the petro-dollar addiction threatening to overheat the $400 billion economy.


Slyngstad recently suggested it’s now largely fruitless for it to enter new asset classes such as infrastructure because that would be costly and only deliver a blip on overall returns.


Its huge size has also driven the fund to respond to problems with trading by devising elaborate strategies to hide its selling and buying from anyone seeking to front-run its activities.


For now, there’s been little discussion about breaking the fund up into smaller, more nimble entities, though the government is currently pondering a proposal to shift it out of the central bank and strengthen oversight.




READ MORE (Bloomberg)


  • This pension fund is now worth $1000000000000CNNMoney
  • World's Biggest Wealth Fund Hits $1 Trillion Value For First TimeNDTV
  • Norway's oil fund tops $1tn in assets for first timeFinancial Times
  • Norway's sovereign wealth fund hits $1 trillion for the first timeExpress.co.uk
  • World's largest sovereign wealth fund hits $1 trillion for first timeCNBC
  • Norway's sovereign wealth fund celebrates 'stunning' $1 trillion valueRTE.ie
  • Norway's sovereign wealth fund is now officially worth $1 trillionBusiness Insider Nordic
  • Norway's oil fund says its market value tops $1tn for first timeFinancial Times
  • Norway's massive wealth fund hits $1 trillion in valueMinneapolis Star Tribune


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The World's Biggest Wealth Fund Hits $1 Trillion

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