Norway’s Government Pension Fund Global tops a new ranking of 53 sovereign wealth funds (SWFs) in 37 countries by researcher Edwin M. Truman, Aftenposten reports.
The ranking evaluates the management and governance of funds including California’s CalPERS and Dutch ABP, which often are not classified as SWFs. This is the third year in a row that Truman ranks different sovereign wealth funds.
Truman’s scoreboard contains 33 elements in four categories: structure, governance, accountability and transparency, as well as behavioral rules. Clear rules and publicly available policies on issues such as investment strategy, fiscal treatment and the role of managers and governments dominate all categories. The scoreboard was partly inspired by the Santiago Principles for SWFs.
The Government Pension Fund Global, managed by Norges Bank (Norway's Central Bank)Investment Management (NBIM), gets top scores for structure, governance, accountability and transparency. Truman notes a progression over the years in the general performance of sovereign wealth funds, including Norway’s.
California's CalPERS fund was given a second place in the ranking, Aftenposten writes.
(Aftenposten/Press release)
The International Monetary Fund (IMF) has presented its views on the Norwegian economy and Norwegian economic policy, and concludes that the Norwegian economy continues to perform well.(Photo: Finance Minister Sigbjørn Johnsen)..
In presenting the revision of the 2013 Fiscal Budget, Finance Minister Sigbjørn Johnsen said the Government proposes a slight strengthening of the budget balance compared to the approved 2013 budget...
The Government Pension Fund Global (GPFG), also known as the National Oil Fund, posted a 5.4 percent return, or the equivalent of NOK 219 billion, in the first quarter.
..
The return on the Norwegian Government Pension Fund Global, also known as the National Oil Fund, was in 2012 13.4 percent, the fund's second best performance ever.(Photo: Fund manager Yngve Slyngstad)
..
The Government has released a white paper discussing challenges and policy options facing the Norwegian economy towards 2060, stating it is likely to be faced with difficult choices in the decades to come.
..
Norway has purchased up to two percent of the U.K.'s leading stock index - FTSE 100, The Telegraph reports.
..
Presenting the revised National Budget for 2012, Finance Minister Sigbjørn Johnsen said Economic activity in Norway has held up well in 2012, despite the global economic slowdown.
..
Norwegian Foreign Minister Jonas Gahr Støre says relations between Norway and Poland are continuing to grow in both breadth and depth.
..
The Norwegian National Oil Fund, or the Government Pension Fund Global, in official terms, has reported a profit of 7.1 per cent (NOK 234 billion) in the first quarter of this year.
..
Finance Minister Sigbjørn Johnsen (photo) on Thursday presented the National Budget for next year. Some highlights: Record budget for development aid, with focus on renewable energy and agriculture. (More updates)
..
The Ministry of Finance has excluded the Mexican company Grupo Carso SAB de CV from the investment universe of the Government Pension Fund Global on account of its tobacco production.
..
Norway's Central Bank (Norges Bank) (photo), 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.
..
The Norwegian Government Pension Fund Global, set up to safeguard the country’s oil wealth for future generations, Tuesday rose to 3 trillion kroner for the first time in its 14-year history.
..
