GwladysFouche
Stories by GwladysFouche
Norway wealth fund to continue raising ESG issues with investees despite US backlash
US activists have spoken out against discussing issues such as diversity and climate change.
Norway wealth fund’s ethics watchdog to probe crypto firms, Asian shoemakers
Norway's fund currently excludes 189 companies on ethical grounds.
Companies need more AI competency at board level, says Norway wealth fund
Last August, it had issued guidance to companies to engage with AI as a way to drive profits.
Norway’s wealth fund posts record $109b Q1 profit as tech stocks soar
It was the fund's highest quarterly return in absolute terms since its creation in 1996.
Norway wealth fund should not invest in private equity, govt says
Norway's central bank, which runs the fund, last year recommended allocating up to 5% of assets to PE investments.
China Evergrande crisis was long expected, Norway wealth fund says
The fund itself had divested from China Evergrande as far back as 2021.
Norway’s sovereign wealth fund to close its only China office
In April, Ontario Teachers' fund had closed down its China equity investment team.
Surge in AI stocks lifts Norway wealth fund’s profit to $143b in H1 2023
The fund's holdings in tech companies jumped by nearly 39% in the period.
Norway wealth fund urges firms to use AI responsibly
Fund CEO Nicolai Tangen said it was crucial for all firms in its portfolio to engage with AI.
Won’t back boards that fail on climate change management: Norway wealth fund
Last year, it voted against the re-election of 61 directors at 18 companies.
