The Government Pension Fund Global (GPFG) recorded a return of NOK236bn (€23bn) in the third quarter of 2019, even as the sovereign wealth fund's chief executive officer Yngve Slyngstad announced his resignation.
GrønlandsBanken, Greenland's main financial institution, stopped financing fishermen because of 'unsustainable fishing'.
The oil group plans $400m in investments in innovative start-ups to reduce CO2 emissions.
In the third quarter, investors shifted more money into cash holdings, despite anticipating further stock market gains.
The Government Pension Fund Global (GPFG), started 23 years ago with the first inflow of NOK2bn from the Norwegian Ministry of Finance, has now surpassed NOK10trn (€0.9 trn) on 25 October.
And even 72% in the US, according to an OECD review of the world’s 41,000 listed companies.
Investors are increasingly turning to private assets, spurred by geopolitical concerns and fears of an economic slowdown, according to Schroders Institutional Investor Study 2019.
Two large Dutch pension funds – PFZW and ABP – revealed that pension reductions are inevitable by 2020, with low interest rates increasing liabilities.