IPE's Norway Coverage – Page 3
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News
NBIM chose ‘driver’s seat’ for SVB class action, but no bids for other US leads
Norway’s SWF manager spells out its three main reasons for seeking lead plaintiff role in Silicon Valley Bank legal action
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News
NBIM to lead class action for first time, joining AP7 against SVB
AP7 reveals it is also leading class action in US against failed Signature Bank
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News
Norway’s SWF sets out plan to become $40-70bn private equity investor
Tangen says now is very good time to start building private equity portfolio, with discounts available in secondary market
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News
KLP posts Q3 loss after NOK6bn property write-down
Norwegian pensions major says competitive situation stable, despite losing two municipal clients
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Country Report
Nordic Region pensions funds report 2023: Norway's sovereign fund pivots north
Plans are afoot to set up a new base in northern Norway to manage sovereign wealth assets
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News
KLP flies to China to overcome mining company brush-offs
If mining companies don’t take responsibility, KLP may exclude them from the portfolio, says Kiran Aziz
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News
Nigerians tell NBIM its information on Shell-linked damage is one-sided
NBIM says now in the process of evaluating progress towards its engagement objectives and next steps
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News
Academic slams NBIM CEO backing of BlackRock gender research
London Business School professor accuses NBIM leader of spreading misinformation with social media post about ‘seriously flawed’ BlackRock gender diversity report
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News
Norwegian SWF manager defends securities lending
Folketrygdfondet’s bonds chief Sæbø says lending shares ‘naturally belongs to a long-term investor’
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News
NBIM’s active management limits SWF’s portfolio-wide Q3 loss
Value of Norwegian GPFG falls back on negative investment returns and falling krone
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News
Varma becomes third pensions firm to win SBTi validation
PensionDanmark, AkademikerPension also among the first to get official seal of approval for climate targets
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News
Storebrand regains Askøy, predicts more municipal pensions tendering into 2024
Norwegian municipality opts to renew contract with ‘challenger in the public pensions market’
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Opinion Pieces
NBIM’s Shanghai exit: more than ‘operational’ adjustment’
When Norway’s sovereign wealth fund announced in September it was shutting down its only office in China, the move was bound to be seen as symbolic of the deteriorating relationship between China and the US and its allies. It also came at a low-point for investment in China, with foreigners having sold off a record CNY90bn (€11.5bn) of Chinese stocks in August, amid fears over China’s tensions with the West, its property crisis and weak post-COVID economic recovery.
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News
NBIM weighs best use of new TNFD framework in ownership, portfolio work
UK call for government to make TNFD compulsory; UKSIF says ISSB should introduce disclosure standards for biodiversity, drawing on taskforce’s framework
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News
Norway’s SWF steps up climate demands from companies
NBIM says firms need to move on from disclosures and target-setting to execution phase
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News
NBIM finds venture, growth PE funds have returned less than listed shares
As Norwegian government weighs allowing SWF to add unlisted equity to portfolio mix, fund’s manager publishes analysis of private equity
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News
Norway’s SWF axes Shanghai office
NBIM says decision to close only Chinese branch doesn’t affect its investment strategy or China assets
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Special Report
Norway: Public-sector pensions consultation set for autumn
Occupational pensions could form part of a new review following last year’s Pension Commission report
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News
KLP turns in 4.2% first-half return despite real estate write downs
Norwegian municipal pension provider thanks strong equity markets for positive six-month investment gain
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News
NBIM posits spending rule change to avert risk of SWF depletion
Norway’s oil fund manager outlines a potential new model for the rule guiding how much the of the fund the government may use