realestate

Norway's Oil Fund Plans to Update Real Estate Approach

Weak returns push the Norwegian Oil Fund to curb its real‑estate holdings.

N
orway’s sovereign wealth fund is tightening its real‑estate holdings after several years of disappointing returns. Norges Bank Investment Management (NBIM) has signaled dissatisfaction with the current portfolio and is taking corrective measures. The move follows a period of weak performance in the fund’s property investments. Readers must subscribe to access the full article. Related stories include the fund’s stance on Novo Nordisk’s new chairman, its expanded energy team for U.S. deals, and the suspension of ethics rules to protect large tech companies.

Norwegian sovereign wealth fund revises real estate investment strategy.