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Top related persons:
Trond Grande - 2 Gwladys - 1 Gwladys Fouche - 1 Terje Solsvik - 1
Top related locs:
Norwegian Oslo Norway Rights OSLO
Top related orgs:
Fund Global - 1 Norges Bank Investment Management - 1 REUTERS - 1 Rights - 1 Thomson - 1

Search resuls for: "Trond Grande"


5 mentions found


☆ World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter
  + stars: | 2023-10-24 | by ( Sam Meredith | ) www.cnbc.com   time to read: +1 min
Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The fund last reported a quarterly loss one year ago. "The stock market saw a weaker quarter compared to the two previous quarters," Trond Grande, deputy chief executive of Norges Bank Investment Management, said in a statement. Norway's gigantic sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. The fund reported a quarterly loss of 3.3% on its investments in unlisted real estate, while the third-quarter loss on its renewable energy infrastructure investments came in at 2.4%.
Persons: Trond Grande Organizations: Fund Global, Norges Bank Investment Management
☆ Norway's wealth fund posts $34 bln loss in Q3
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +1 min
A general view of the Norwegian central bank in Oslo, Norway March 6, 2018. The fund's return on investment was minus 2.1% for the July-September period, which was 0.17 percentage points stronger than the return on the fund's benchmark index. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. The fund had 70.6% of its value invested in equities by end-September, compared to 71.3% three months earlier. ($1 = 11.0656 Norwegian crowns)Reporting by Gwladys Fouche, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Gwladys, Trond Grande, Gwladys Fouche, Terje Solsvik Organizations: REUTERS, Rights, Thomson Locations: Norwegian, Oslo, Norway, Rights OSLO
☆ Investor who helps manage the largest sovereign wealth fund discusses strategy and biggest fears
  + stars: | 2023-04-21 | by ( Jason Gewirtz | ) www.cnbc.com   time to read: +2 min
The "Government Pension Fund" as it is widely known helps back up Norway's government spending. The fund was started in 1996 after massive offshore energy reserves were discovered off Norway's coast. A big part of the fund's concentration in recent years has been on renewable energy. Right now the Government Pension Fund has a mandate to invest at least two percent of assets in renewable energy. But Tronde, who's fund has stakes in more than 9,000 companies, is not overly concerned about all these threats.
☆ Norway's wealth fund posts $84 billion quarterly profit
  + stars: | 2023-04-21 | by ( ) www.reuters.com   time to read: +1 min
OSLO, April 21 (Reuters) - Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets. The profit of 893 billion Norwegian crowns ($83.89 billion) contrasted with a loss of 653 billion a year earlier. The fund, which saves revenue from Norway's large oil and gas industry, received 217 billion crowns in fresh government funds during the quarter. Norway's central bank manages the fund, which owns 1.5% of all globally listed shares and has stakes in 9,200 companies. It posted a record loss of 1.64 trillion crowns last year.
☆ Norway wealth fund employee sues for workplace gender discrimination
  + stars: | 2023-04-12 | by ( Gwladys Fouche | Thomson Reuters | Oversees News Coverage Norway For Reuters | ) www.reuters.com   time to read: +2 min
OSLO, April 12 (Reuters) - A court in Oslo on Wednesday began hearing a gender discrimination case brought by an employee at Norway's $1.4 trillion sovereign wealth fund against her employer. Elisabeth Bull Daae, head of trading analytics at Norges Bank Investment Management, is suing the unit of the central bank managing the fund for 16 million crowns ($1.54 million) in compensation and damages. The central bank, which pushes the firms it invests in to have more women on their boards and to combat all forms of discrimination, denies the allegations. Or are we in front of a clear, systematic case of pay discrimination based on gender?" The lawyer representing the fund said the relationship between employee and employer had broken down despite its efforts to improve it.
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