Norwegian government asks manager of domestic oil fund to run crisis bond fund
Folketrygdfondet, the manager of Norway's domestic sovereign wealth fund, is being tasked with administering a new EUR 4.4 billion bond fund to help Norwegian companies access liquidity during the corona crisis.
Folketrygdfondet is to manage the new Norwegian Government Bond Fund, the government announces. The asset manager is presently managing the Government Pension Fund Norway (GPFN) which is the smaller Nordic-investment portion of the country's huge sovereign wealth fund – the oil fund.
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