July 21, 2017 7:08 AM ET

Capital Markets

Company Overview of Norges Bank Investment Management

Company Overview

Norges Bank Investment Management is a pension plan sponsor. The firm manages pension and insurance funds for its clients. It invests in public equity, fixed income, and real estate markets across the globe. For its fixed income investments, the firm invests in bonds issued by governments and related institutions and securities issued by the corporate sector. It benchmarks the equity performance against the FTSE Global All Cap Index. The firm conducts an internal research to create its portfolios. It makes socially responsible investments. Norges Bank Investment Management was founded on January 1, 1998 and is based in Oslo, Norway with additional offices in New York City; London, United Ki...

Bankplassen 2

P.O. Box 1179 Sentrum

Oslo,  0107

Norway

Founded in 1998

Phone:

47 24 07 30 00

Fax:

47 24 07 30 01

Key Executives for Norges Bank Investment Management

Chief Executive Officer
Chief Operating Officer
Deputy Chief Executive Officer and Chief Administrative Officer
General Manager for Singapore Office
Chief Investment Officer of Real Estate
Compensation as of Fiscal Year 2017.

Norges Bank Investment Management Key Developments

Norges Bank Investment Management And Oxford Properties Reportedly To Acquire Property At 900 16th St. NW

Norges Bank Investment Management and Oxford Properties Group, Inc. reached a deal to acquire the property at 900 16th St. NW for $160 million or about $1,250 per square foot, according to an unidentified source.

KKR About To Acquire Indus Towers

A consortium led by KKR and Co. L.P. (NYSE:KKR) has approached sovereign funds about joining a potential deal to take over Indus Towers Limited, which could value India's largest wireless infrastructure company at more than $12 billion, people with knowledge of the matter said. KKR and Canadian Pension Plan Investment Board are weighing a two-part transaction that would see them gain control of Indus Towers, according to the people, who asked not to be identified because the information is private. The investors are seeking financial partners to participate in the deal and have reached out to sovereign funds including Abu Dhabi Investment Authority and Norway's wealth fund, the people said. Under the plan being considered, the investor group would first boost its stake in Bharti Infratel Ltd (NSEI:INFRATEL) which owns 42% of Indus Towers, according to the people. The KKR consortium could face competition from Canadian alternative asset manager Bharti Infratel Limited (NSEI:INFRATEL), which also plans to consider an offer for a controlling stake in Indus Towers once a formal sale process begins, the people said. Deliberations are at an early stage, and the structure of the potential deal could change, the people said. Vodafone Group Plc (LSE:VOD) is planning to seek a buyer for its 42% stake in Indus Towers, while Indian operator Idea Cellular will separately offer its 11% stake for sale, the people said. The assets may be sold to a single buyer to get a better price, the people said.

Norges Bank Investment Management Appoints Geir Øivind Nygård as Chief Investment Officer of Asset Strategies

Geir Øivind Nygård has been appointed Chief Investment Officer (CIO) Asset Strategies in Norges Bank Investment Management. He started on January 1, 2017. Nygård comes from the position of Global Head of Portfolio Management, but has been interim CIO Asset Strategies since December 1, 2016.

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