Norway's Folketrygdfondet to set up a private asset investment unit

Norway’s Ministry of Finance has asked the fund to look into establishing a new asset management unit.

Kjetil Houg, CEO of Folketrygfondet | Photo: Foto: CF Wesenberg, Kolonihaven

by MAGNUS EIDEM, translated by daniel pedersen

Norway’s Ministry of Finance has asked Folketrygdfondet, which manages the domestic and Nordic part of Norway’s oil fund, to investigate the possible establishment of an asset management unit in Tromsø with Folketrygdfondet as the manager.

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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.

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Norway's Folketrygdfondet to set up a private asset investment unit

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Folketrygdfondet finds new head of equities in own ranks

Norwegian state pension fund's bond portfolio had worst ever half-year

Folketrygdfondet to allocate more capital outside of Norway

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Front page now

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Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

More than one third of managers do not report ESG violations to Varma, despite shared values

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