Posts filtered by tags: Yngve Slyngstad[x]


 

‘There will be shocks’: Yngve Slyngstad, Norway’s $1tn man | Financial Times

‘There will be shocks’: Yngve Slyngstad, Norway’s $1tn man | Financial Times Norway’s sovereign wealth fund is a fairytale of global finance. In less than 25 years investing the energy riches of the North Sea, it has grown into a $1.2tn giant; it owns 1.5 per cent of the world’s publicly traded companies. Who more stimulating for me to have my first formal lunch with in six months, I think, than the man who for more than a decade presided over this behemoth — and used its heft to hold comp...
Tags: Travel, Norway, North Sea, Marylebone, Rupert Neil Bumfrey, Yngve Slyngstad, | Financial Times, FishWorks


Norway Wealth Fund Cuts #Saudi Stocks During Benchmark Review - Bloomberg

Norway Wealth Fund Cuts Saudi Stocks During Benchmark Review - Bloomberg:Norway’s $1.1 trillion sovereign wealth fund reduced holdings of Saudi Arabian equities by about 60% last year as it reviews an internal benchmark that guides its global stock purchases.The fund’s total investment in shares traded in Riyadh fell to $420 million by the end of 2019, from about $1 billion the year before, according to data from Norges Bank Investment Management, which manages the fund. In contrast, holdings in...
Tags: Travel, Israel, Bloomberg, Norway, Riyadh, Rupert Neil Bumfrey, Yngve Slyngstad, Norges Bank Investment Management, United Arab Emirates Egypt Qatar Kuwait Turkey


Yngve Slyngstad: decision time for Norway’s oil fund | Financial Times

Yngve Slyngstad: decision time for Norway’s oil fund | Financial Times:The head of the world’s largest sovereign wealth fund has no secretary. Yngve Slyngstad, chief executive of Norges Bank Investment Management, which oversees Norway’s $1tn oil fund, books his own travel and arranges his own meetings.The 55-year-old took a similarly idiosyncratic path to the top. He has four masters degrees — law, business management, economics and political sciences.Studies over, he went on the road for four ...
Tags: Travel, New York, Alaska, Cape Town, Patagonia, Norway, Financial Times, Alexandria, Rupert Neil Bumfrey, Yngve Slyngstad, Norges Bank Investment Management


Norway wealth fund plans to double Saudi investments -CEO | Reuters

Norway wealth fund plans to double Saudi investments -CEO | Reuters:Norway’s sovereign wealth fund expects to double its investments in Saudi Arabia when the country is included in the fund’s reference index a few months from now, Chief Executive Yngve Slyngstad said on Friday.The fund currently has Saudi assets worth 6.9 billion Norwegian crowns ($824.82 million).The recent turmoil surrounding the killing of Saudi journalist Jamal Khashoggi did not influence the investments. [Author: noreply...
Tags: Travel, Saudi Arabia, Norway, Reuters, Rupert Neil Bumfrey, Yngve Slyngstad, Jamal Khashoggi


Biggest Wealth Fund Asked to Assess Impact of Aramco Listing - Bloomberg

Biggest Wealth Fund Asked to Assess Impact of Aramco Listing - Bloomberg:"After the world’s biggest wealth fund shocked energy markets in November when it proposed cutting oil and gas stocks from its equity index, it now faces a conundrum on how to handle the impending public offering of the world’s largest oil company.Saudi Arabian Oil Co. “will own petroleum resources to a much greater extent than the oil companies currently listed on stock exchanges and will contribute to a higher resource re...
Tags: Travel, Bloomberg, Norway, Saudi Aramco, Finance Ministry, Saudi Arabian Oil Co, Norges Bank, Rupert Neil Bumfrey, Yngve Slyngstad, Norges Bank Investment Management, Aramco Listing Bloomberg


Norway oil fund posts sixth straight quarter of gains

Norway oil fund posts sixth straight quarter of gains:"Norway’s $1tn oil fund took advantage of benign market conditions over the summer to post its sixth consecutive quarter of positive returns.The world’s largest sovereign wealth fund returned 3.2 per cent in the third quarter with strong stock markets ensuring its equity portfolio gained 4.3 per cent while bonds delivered a 0.8 per cent return.Yngve Slyngstad, chief executive of Norges Bank Investment Management, which manages the fund, said:...
Tags: Travel, Norway, Rupert Neil Bumfrey, Yngve Slyngstad, Norges Bank Investment Management


The World’s Biggest Wealth Fund Hits $1 Trillion - Bloomberg

The World’s Biggest Wealth Fund Hits $1 Trillion - Bloomberg:"Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar.The milestone valuation was reached for the first time on Sept. 19 at 2:01 a.m. in Oslo, Norges Bank Investment Management said in a statement on Tuesday.“I don’t think anyone expected the fund to ever reach $1 trillion when the first transfer of oil revenue was made in May 1996,” Yngve Slyngst...
Tags: Travel, Norway, Oslo, Rupert Neil Bumfrey, Yngve Slyngstad, Norges Bank Investment Management


Sovereign wealth funds throw funding lifeline to tech ventures: Reuters

A succession of funding deals by deep-pocketed sovereign wealth funds have thrown a life preserver to some of the world’s biggest private tech firms whose high valuations have come under scrutiny in the past year. Saudi Arabia and other Gulf States along with state-backed investors in Singapore and China have ploughed money into hot tech investments such as ride-sharing company Uber [UBER.UL] and Chinese Internet giant Alibaba and its private affiliates. With overall funding for start-ups slowin...
Tags: Facebook, Hong Kong, Europe, Saudi Arabia, China, Singapore, Israel, Trends, Ford, Alibaba, Gm, Peter Thiel, Qatar Investment Authority, Silicon Valley, Norway, Bmw


Norway Wealth Fund Isn't Joining Global Stock Selloff, CEO Says - Bloomberg Business

Norway Wealth Fund Isn't Joining Global Stock Selloff, CEO Says - Bloomberg Business:"Norway’s sovereign wealth fund, the world’s biggest, hasn’t been part of a global selloff in stocks this quarter, according to its chief executive officer, Yngve Slyngstad.“We have not been participating in the selling, and we don’t foresee” that a change of strategy will be necessary, Slyngstad said at a presentation of the fund’s 2015 results on Wednesday in Oslo."'via Blog this' [Author: [email protected]
Tags: Norway, Oslo, Bloomberg Business, Rupert Neil Bumfrey, Yngve Slyngstad, Slyngstad