Fund to Buy Stakes in Five Properties in Paris
The Norwegian Government Pension Fund Global agreed today to buy 50 percent of five properties in Paris from Generali Group for 275 million euros, or approximately 2.1 billion Norwegian kroner.
View ArticleNBIM Hosts Seminar on Water-Related Risks at Companies in Asia and Australia
Limited access to fresh water is a growing risk for an increasing number of companies. Norges Bank Investment Management (NBIM) will on July 4 at the Singapore International Water Week host a seminar...
View ArticleNBIM Hosts Second Annual Financial Research Conference
Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, on 19 June hosted its second annual financial research conference.
View ArticleStock Rally Spurs Strong Quarter
The Government Pension Fund Global returned 7.1 percent, or 234 billion kroner, in the first quarter of 2012 as stock markets rose. Measured in kroner, the quarterly return was the third largest since...
View ArticleOlsen, Slyngstad Speak at Parliamentary Hearing on Fund
Norges Bank Governor Øystein Olsen and NBIM CEO Yngve Slyngstad today spoke at a parliamentary hearing in Oslo on the management of the Government Pension Fund Global. Olsen and Slyngstad each made an...
View ArticleNorges Bank Publishes Letters of Advice on Investment Strategy
Norges Bank today published three letters to the Norwegian Ministry of Finance advising on the investment strategy of the Government Pension Fund Global. The letters were sent to the ministry earlier...
View ArticleAdidas, Nestlé Among Companies With Top Marks for Reporting on Child Labour,...
Adidas, Nestlé and Air France-KLM were among 39 companies in a survey of 1,078 companies that received top marks for reporting on social or environmental risks in 2011. More than a third of the...
View ArticleStock Declines Push Down Results in 2011
The Government Pension Fund Global returned -2.5 percent, or -86 billion kroner, in 2011 as global stock markets slumped.
View ArticleNBIM Sponsors Asian Corporate Governance Association
Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, will sponsor the Asian Corporate Governance Association (ACGA).
View ArticleNBIM Seeks Proxy Access at Six US Companies
Norges Bank Investment Management (NBIM), manager of the $550 billion Norwegian Government Pension Fund Global, has filed shareholder proposals for proxy access at six US companies as part of its...
View ArticleCompanies Should Take More Action on Water Risks
Scarce water resources may, like climate change, harm companies' operations and profitability. Yet efforts to manage water-related risks are lagging behind the steps taken to tackle climate change,...
View ArticleNFI Starts PhD Scholarship Programme
The Norwegian Finance Initiative (NFI) today introduced a doctorate scholarship programme as part of its efforts to promote financial economic research and education in areas relevant to the long-term...
View ArticleStock Slump Weighs on Third-Quarter Results
The Government Pension Fund Global returned -8.8 percent, or -284 billion kroner, in the third quarter of 2011 as global stock markets tumbled.
View ArticleNBIM Signs Investor Statement on Climate Change
Norges Bank Investment Management (NBIM), manager of the Government Pension Fund Global, is one of 285 signatories of the 2011 Global Investor Statement on Climate Change.
View ArticleNBIM Wins Gold for 2010 Annual Report
Norges Bank Investment Management (NBIM), manager of the Government Pension Fund Global, on 14 September won the Farmand prize for the best annual report by a public institution in Norway.
View ArticleNBIM Hosts its First Financial Research Conference
Norges Bank Investment Managment (NBIM), manager of the Norwegian Government Pension Fund Global, is today hosting its first financial research conference.
View ArticleScarce Water Resources of Increasing Concern to NBIM
Limited access to clean water is a growing risk for an increasing number of the companies the Government Pension Fund Global invests in. The United Nations forecasts that almost half the world’s...
View ArticleQuarterly Return of 4 Billion Kroner
The Government Pension Fund Global returned 0.3 percent, or 4 billion kroner, in the second quarter of 2011 after rising bond prices outweighed a slump in large parts of the stock markets.
View ArticleFund to Make First Property Investment in France
The Norwegian Government Pension Fund Global agreed today to buy 50 percent of seven properties in and around Paris from AXA Group, the fund’s first real estate investment in France.
View ArticleWalt Disney, Ericsson Among Companies With Top Marks for Child Labour Risk...
Walt Disney, Ericsson and Hennes & Mauritz were among 9 out of 527 companies to get top marks for managing and reporting on the risks of child labour use and children’s rights violations in their...
View ArticleNorwegian Crown Prince Visits NBIM
Norway’s Crown Prince Haakon Magnus visited NBIM’s Oslo office Monday. He was given an introduction to the investment activities and ownership work of the Government Pension Fund Global. The visit was...
View ArticleOlsen, Slyngstad Speak at Parliamentary Hearing on Fund
Norges Bank Governor Øystein Olsen and NBIM CEO Yngve Slyngstad today spoke at a parliamentary hearing in Oslo on the management of the Government Pension Fund Global. Olsen and Slyngstad each made an...
View ArticleReturn of 59 Billion Kroner
The Government Pension Fund Global returned 2.1 percent, or 59 billion kroner, in the first quarter of 2011 as stock market gains in Europe and the US offset a drop in Asian share prices.
View ArticleNBIM Makes Organisational Changes
Norges Bank Investment Management (NBIM), which manages the Norwegian Pension Fund Global, has made organisational changes to strengthen its investment management.
View ArticleFifth Best Year in the Fund’s History
The Government Pension Fund Global returned 9.6 percent, or 264 billion kroner, in 2010, driven by widespread gains in global stock and bond markets.
View ArticleBengt Enge Steps Down as CIO
Chief Investment Officer Bengt Enge will leave Norges Bank Investment Management (NBIM) after 13 years with the organisation.
View ArticleNBIM Names Trond Grande as Deputy CEO
Norges Bank Investment Management (NBIM), which manages the Norwegian Government Pension Fund Global, has named Trond Grande as its new deputy chief executive officer after Stephen Hirsch stepped down...
View ArticleFund Signs Regent Street Agreement
Norges Bank, which manages the Norwegian Government Pension Fund Global, today signed an agreement for the fund’s first real estate investment, the purchase of a 150-year lease on a 25 percent stake in...
View ArticleFund posts its fifth-largest quarterly return
The Government Pension Fund Global returned 7.2 percent, or 199 billion kroner, in the third quarter, driven by gains in global stock and bond markets. The return was the fifth-largest in the fund’s...
View ArticleFund Announces First Property Investment
Norges Bank, which manages the Norwegian Government Pension Fund Global, has agreed to buy a 150-year lease on a 25 percent stake in The Crown Estate’s Regent Street properties in London.
View ArticleFund tops 3 trillion kroner for first time
Norway’s Government Pension Fund Global, set up to safeguard the country’s oil wealth for future generations, rose today to 3 trillion kroner for the first time in its 14-year history.
View ArticleFund tops ranking of sovereign wealth funds
Norway’s Government Pension Fund Global tops a ranking of 53 sovereign wealth funds (SWFs) in 37 countries by researcher Edwin M. Truman. The ranking evaluates the management and governance of funds...
View ArticleNorges Bank submits letters on strategy, responsible investment
Norway’s government today published two letters from Norges Bank to the Ministry of Finance in the national budget proposal for 2011.
View ArticleWidespread drop in equity markets led to negative return
The Government Pension Fund Global returned -5.4 percent (-155 billion kroner) in the second quarter of 2010, pulled down by a decline in global equity markets.
View ArticleNBIM opens new office in Singapore
Norwegian finance minister Sigbjørn Johnsen and Norges Bank’s governor Svein Gjedrem were in attendance on Wednesday when Norges Bank Investment Management (NBIM), manager of the Government Pension...
View ArticleUpdated GIPS report with disclosure on leverage and derivatives
NBIM has updated the GIPS report released in March 2010 with a missing disclosure. The missing disclosure relates to the presence, use, and extent of leverage and derivatives, including a sufficient...
View ArticlePension funds urge chocolate industry to end child labour
The recent cocoa industry meeting in Utrecht showed companies are still far from fulfilling their 2001 pledge to eliminate child labour in the sector. Industry leaders must take concrete action to...
View ArticleHearing on NBIM’s fund management
Norges Bank Governor Svein Gjedrem and NBIM CEO Yngve Slyngstad on 18 May spoke at an open hearing before the Norwegian parliament’s Standing Committee of Finance and Economic Affairs. The annual...
View ArticleNBIM to open office in Singapore
Norges Bank Investment Management (NBIM) will open an office in Singapore to expand its operations in Asia’s fast-growing markets. NBIM manages the Norwegian Government Pension Fund Global and is...
View ArticleA good first quarter for the fund
The Norwegian Government Pension Fund Global returned 3.9 percent (103 billion kroner) in the first quarter of 2010, helped by gains in global equity and fixed-income markets. The result was 0.4...
View ArticleNBIM investor expectations: Climate change management
Norges Bank Investment Management presents today “NBIM investor expectations: Climate change management”. The document sets out NBIM’s expectations as a long-term investor in relation to portfolio...
View ArticleVolkswagen transactions with Porsche
Letter from NBIM to Volkswagen Aktiengesellschaft 7 October 2009.
View ArticleNBIM revamps its web site
Norges Bank Investment Management (NBIM) is pleased to introduce its improved web site, with new features and more information on the Norwegian Government Pension Fund Global.
View ArticleThe best year in the fund’s history
Gains in international equity and fixed income markets led to a record annual return for the Government Pension Fund Global in 2009. The fund returned 25.6 percent, equivalent to 613 billion kroner....
View ArticleLargest ever quarterly increase for Government Pension Fund - Global
The value of the Government Pension Fund - Global increased by NOK 207 billion in the third quarter, to NOK 1 712 billion. The Fund is now the largest pension fund in Europe. The increase in value in...
View ArticleNorges Bank Investment Management: Both equity and fixed income markets...
International equity markets declined in the second quarter, particularly in Japan and emerging markets. The return on the international equity portfolios managed by Norges Bank was negative 3.3 per...
View ArticleFunds under management by NBIM increased to USD 260 billion
Total assets under management by NBIM, the investment management arm of the Norwegian central bank, rose to NOK 1715 billon (USD 260 billion) at the end of first quarter 2006. The largest fund under...
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