Gjedrem pledges prudence for Norway's Global pension

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NORWAY - Norges Bank governor Svein Gjedrem has defended the government pension fund's (Global) prudent investment strategy, and said it could not run the risk of ending up among the worst performers.

Global’s strategy of broad risk diversification is expected to return 4% long term, and Gjedrem conceded there were numerous examples of companies and investors which had achieved considerably high...

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