November 18, 2024November 18, 2024

Norway’s Wealth Fund Merges Real Assets With Equities Unit

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Norway’s $1.7 trillion wealth fund is merging its real assets business area with equities from January to strengthen the management of both asset classes.

The adjustment will seek to bring together people with complementary expertise, Norges Bank Investment Management said in a statementBloomberg Terminal Monday. The fund’s investment strategy across any of the asset classes will be unaffected and it plans to remain “an active real estate investor,” NBIM said.

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