At $30 Billion, Norway’s Other Wealth Fund Is Simply Too Big

Norway’s domestic wealth fund has become so big that it’s looking for ways to get rid of excess cash by proposing some key changes to its investment model.

The Government Pension Fund Norway is the domestic counterpart of the country’s better-known sovereign wealth fund, the world’s largest of its kind with $1.1 trillion in assets. Unlike its bigger sibling, the investor is confined mostly to assets in its home market. After swelling to 261 billion kroner ($30 billion) this year, the fund is now dangerously close to its ownership limits.