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World’s Biggest Sovereign Fund Needs to Add Risk, Olsen Says

Oeystein Olsen, the governor of Norway’s central bank, said he’s planning to petition the government to allow the nation’s $830 billion wealth fund to cut bond holdings further to help it generate bigger returns.

“At some point we will write a letter to the Ministry of Finance -- that’s also our role as an adviser - and finally it’s their decision,” he said in an interview yesterday in Oslo. “It’s a decision by the government and the parliament.”