The chief of Norway’s Oil Find was fooled by hackers in a security test
When Nicolai Tangen took over as head of the Oil Fund, the security department hired some of the world’s best hackers to launch a targeted…
When Nicolai Tangen took over as head of the Oil Fund, the security department hired some of the world’s best hackers to launch a targeted…
In 2022, the Government Pension Fund Global (the so-called “Oil Fund”) received a return of -4.9%. That corresponds to a loss of NOK 653 billion….
The Oil Fund is required to divest its holdings in Russia, but that is not possible at the moment, Norges Bank stated in a letter…
The Oil Fund estimates that the value of its Russian investments has fallen from NOK 27.4 billion to NOK 2.5 billion. Now they believe that…
The Oil Fund earned a return on investment of NOK 1,580 billion (4.5%) in 2021, according to the figures presented by the Oil Fund at…
Prime Minister Jonas Gahr Støre (AP) wants to spend NOK 322.4 billion from the Oil Fund. That is exactly what the Solberg government proposed in…
There are turbulent times ahead in the global capital market, Norway’s Oil Fund chief Nicolai Tangen says. He believes it is inevitable for the fund…
How can a country of just over 5 million own 1.4% of global stocks and shares? Why does Norway have a savings fund that is…
The Oil Fund had a return of 9.4% in the first half of 2021. That corresponds to NOK 990 billion. Thus, the fund had a…
Due to a human error, the Oil Fund bought more shares in a company than planned. But the price went up, and the error generated…
The Oil Fund will vote against the proposed compensation package for the top manager of Wizz Air at the company’s general meeting next week. Earlier…
On Tuesday afternoon, Norway’s Oil Fund surpassed a market value of NOK 12,000 billion for the first time. The Oil Fund’s value has increased by…
In the revised national budget for 2021, the Norwegian government proposes to spend NOK 402.6 billion from the Oil Fund. That is NOK 90 billion…
The Oil Fund has bought half of a Dutch offshore wind farm for NOK 13.9 billion. This is the fund’s first investment in infrastructure for…
The Norwegian government appointed a new group of experts to look at climate-related investment opportunities – and climate risk – for the Oil Fund. Former…
Despite the pandemic and the uncertainty, the Oil Fund registered a return of 10.9% in 2020. Technology giants such as Apple and Amazon contributed a…
The returns from Norway’s Oil Fund won’t continue to grow forever, the fund’s chief Nicolai Tangen warns. “We have now had 25 years of good…
After a decline of 3.4% in the first half of the year, the third quarter was better for Norway’s Oil Fund. The return was 4.3%,…
The value of the oil fund has passed NOK 10,000 billion on the day 50 years after the Ekofisk discovery that started the Norwegian oil…
The Government Pension Global Fund (the oil fund) should invest more in American equities and less in European than it does today, Norges Bank believes….