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Folketrygdfondet rejects unlisted assets – favors new unit for smaller listed Nordic companies

In a new recommendation to the Ministry of Finance, Folketrygdfondet points to setting up a new investment team in the Northern part of Norway. 
Illustration image. Left: Tromsø landmark Tromsdalen Church, commonly nicknamed Ishavskatedralen, which means "The Cathedral of the Arctic Ocean". To the right: Folketrygdfondet CEO Kjetil Houg, who recommends that a management unit in Tromsø should look at listed Nordic equities outside the benchmark indices.
Illustration image. Left: Tromsø landmark Tromsdalen Church, commonly nicknamed Ishavskatedralen, which means "The Cathedral of the Arctic Ocean". To the right: Folketrygdfondet CEO Kjetil Houg, who recommends that a management unit in Tromsø should look at listed Nordic equities outside the benchmark indices.
By MAGNUS EIDEM

Folketrygdfondet, which manages the domestic and Nordic part of Norway’s oil fund, has been commissioned by the Norwegian Ministry of Finance to investigate the possibilities of setting up a new asset management unit in Tromsø, the largest urban area in Northern Norway. 

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