Norway’s $1.1 Trillion Fund Says Infrastructure Looks Pricey
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Norway’s sovereign wealth fund, the world’s biggest, has this year added more than $8 billion to the pot of money that’s overseen by external managers, according to its chief executive officer.
Nicolai Tangen, who spoke at a parliamentary hearing in Oslo on Friday, revealed the figure after lawmakers questioned him on his plan to rely more on outside asset managers, including hedge funds, to help oversee the sovereign investor’s vast $1.1 trillion portfolio.