Norges Bank Investment Management (NBIM) has filed a law suit in Maryland, USA, seeking to prevent Constellation Energy Group from convening a special shareholder meeting on December 23 to vote on a takeover by MidAmerican Energy Company, a unit of Ber
“The third quarter of 2008 was an unusually demanding quarter for the management of the Government Pension Fund – Global. Uncertainty in financial markets increased dramatically, and this affected the return on the fund,” says Yngve Slyngstad, CEO of N
“The second quarter featured considerable volatility in both equity markets and parts of fixed income markets,” says Yngve Slyngstad, Executive Director of Norges Bank Investment Management, NBIM. “The crisis in the financial system continued, with int
His Majesty King Harald of Norway has designated Knut Norheim Kjær as Knight Class 1 of the Royal Norwegian Order of St. Olav for his contribution to Norwegian investment management. Knut. N. Kjær was the Executive Director of Norges Bank’s Investment
Stephen Hirsch (47) has been appointed Deputy CEO of Norges Bank Investment Management with effect from 11 June 2008.
The first quarter of 2008 was dominated by the financial turmoil that began with problems in the US mortgage market in early 2007 and subsequently developed into a wider crisis in parts of the financial system. Equity markets fell sharply during the qu
There was a positive return in 2007 on all of the portfolios managed by Norges Bank. The turmoil in credit markets triggered by the downturn in the US housing market impacted on results in 2007, especially in the second half of the year.