Published: Monday August 20, 2012 MYT 8:05:00 AM
World's largest sovereign wealth fund eyes more risk
LONDON: The world's largest sovereign wealth fund, the Norwegian oil fund, is planning to take on more risk as it seeks to exploit its role as a strategic investor, the Financial Times reported on Monday.
The fund, known as Norges Bank Investment Management, has more than $600 billion of assets under management.
"The fund can exploit [its nature as a longterm investor] by being a provider of liquidity in periods when there is a lack of liquidity," Pal Haugerud, head of asset management in Norway's finance ministry, said in an interview with the FT.
Haugerud also believes the fund could be more opportunistic when markets dry up, as was the case during the financial crisis, the FT said. - Reuters