NORWAY - The Government Pension Fund-Norway, also known as the Oil Fund, increased its allocation to Russian equities when many investors were moving the other way.
The NOK2.3trl (US$338.3bn) Oil Fund hired Prosperity Capital, a manager of Russian securities, in the fourth quarter. Partner at Prosperity Thomas Olsson said the mandate was "a sizeable amount...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here