Norges Bank Investment Management and the Norwegian oil fund seminar

In January, we had the pleasure of hearing from Sigmund Kyrdalen, the Global Head of Special Mandates and Head of Norges Bank Investment Management's (NBIM) Singapore office, about how the Norwegian Oil Fund is managed with a focus on their activities in Asia. Operating in 72 countries, in 49 currencies and with approximately 9,150 companies, the Fund has quadrupled in the past ten years. Their investment strategy is to invest globally, diversify investments, and exploit the funds characteristics. The current market value of the Fund is 8,458 billion NOK (29.01.19).

Within Asia, NBIM has offices in Singapore, Tokyo and Shanghai with Japan being their largest market followed by China and Australia. NBIM’s global presence has brought them closer to markets they invest in, allowing them to form stronger ties with partners in different parts of the world.

The Government Pension Fund Global is saving for future generations in Norway. One day the oil will run out, but the return on the fund will continue to benefit the Norwegian population.