The Norwegian Government Pension Fund (Oil Fund) has grown to become the largest sovereign wealth fund during the last year, according to a Institutional Investor 2012 ranking.
The fund is led by Yngve Slyngstad, CEO of the Norwegian Bank Investment Management (NBIM).
As of March 2012, the fund had USD 612 Billion in assets, compared to USD 554 Billion 12 months earlier, posting a growth of app 10% during the last year.
The list continues as follows with total assets under management
- 2 - Abu Dhabi Investment Authority (UAE) usd 365 billion 2012on
- 3 - Kuwait Investment Authority - usd 290 billion
- 4 - Government of Singapore Investment Corp - usd 247 billion
- 5 - China Investment Corp - usd 177 billion
- 6 - Temasek Holding (Singapore) - usd 157 billion
- 7 - National Council for Social Security Fund (China) - usd 136 billion
- 8 - Quatar Investment Authority - 135 billion
- 9 - Abu Dhabi Investment Counci (UAE) - usd 120 billion
- 10 - National Wealth Fund (Russia) - usd 89 billion
Source: Institutional Investor
Carl Fuglesang
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