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Norway launches reviews of oil fund on management, private equity

first_imgThe ministry has a policy of regularly conducting broad reviews of the GPFG in the run up its annual report, which it presents to parliament around the end of March.As part of the review, the ministry will also commission two consultancy reports on management costs and responsible management activities in other large funds. McKinsey and Inflection Point Capital Management are to put these reports together.The ministry said it had also sent letters in June to Norges Bank asking for advice and assessments on these topics.The management review group includes Magnus Dahlquist, professor at the Stockholm School of Economics, and Bernt Arne Ødegaard, professor at the University of Stavanger.Dahlquist is also research fellow at the Centre for Economic Policy Research in London and at Network for Studies on Pensions, Ageing and Retirement in the Netherlands. Both he and Ødegaard have previously served on expert groups advising Norges Bank.The private equity group includes Trond Døskeland, associate professor at the Norwegian School of Economics, and Per Strömberg, professor at the Stockholm School of Economics. Norway’s ministry of finance has appointed two expert groups to review aspects of how its NOK7.7trn (€823bn) sovereign wealth fund invests.One group will look at the management of the Government Pension Fund Global (GPFG), analysing the performance of its active management. It will make a recommendation regarding whether the size of the fund’s relative risk budget – or expected tracking error limit – should be adjusted.The second group is to assess whether the fund should be allowed to invest in unlisted equities. Although Norges Bank Investment Management (NBIM) – part of the central bank Norges Bank and the fund’s manager – is already allowed to invest in unlisted real estate and in unlisted companies where that company intends to seek a listing, it cannot generally invest in private equity. The management review group is to submit its report by January 2018, the finance ministry said, while the private equity group has a December 2017 deadline for its report.last_img read more

Ex-Liverpool player quarantined after hugging Coronavirus patient

first_img Kahlenberg, who played 47 matches for Denmark between 2003 and 2014 and also played for clubs Auxerre and VfL Wolfsburg before retiring in 2017, tested positive on Thursday and has been in quarantine, Brondby said in a statement. The statement said Kahlenberg, who played for Denmark at the 2010 World Cup, was infected during a visit to Amsterdam. Brondby said 13 employees had been put in isolation, including the general manager Ole Palma, defender Joel Kabongo and assistant coach Martin Retov. Lyngby said three players, who were in physical contact with Kahlenberg on Sunday, had been put in isolation. Both teams have league games this weekend. The Danish FA said that all matches will go ahead as planned this coming weekend, but that it is monitoring the situation. read also: ​Coronavirus: Premier League and EFL ban pre-match handshakes The clubs said they are working with the Danish Patient Authority to track down players, fans and members of staff who were in contact with Kahlenberg during Sunday’s match. FacebookTwitterWhatsAppEmail分享 Ajax have told assistant coach Christian Poulsen and two other members of training staff to stay away from the club because of fears they might be infected with the coronavirus. Poulsen won’t be on Ajax’s bench this weekend The trio must stay at home until next Friday after Poulsen came in contact with former Danish international Thomas Kahlenberg, who has since been diagnosed with the virus. Kahlenberg was celebrating Poulsen’s 40th birthday in the Netherlands last Sunday. The other two are exercise physiologist Alessandro Schoenmaker and an unnamed physiotherapist who were also at the party. “They have no symptoms and if it stays that way they will return to work next week,” an Ajax spokesman told Dutch media. Poulsen, the former Juventus and Liverpool midfielder, will not be able to take his place on the bench alongside coach Erik ten Hag when Ajax travel to Heerenveen at the weekend. Players from Danish Super League clubs Brondby and Lyngby are in isolation after they met and hugged Kahlenberg, who has since tested positive for coronavirus, at a match last weekend. Loading… center_img Promoted Content10 Phones That Can Easily Fit In The Smallest PocketEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouThe Very Last Bitcoin Will Be Mined Around 2140. Read MorePretty Awesome Shows That Just Got Canceled7 Ways To Understand Your Girlfriend Better8 Addictive And Fun Coffee FactsBest & Worst Celebrity Endorsed Games Ever Made6 Ridiculous Health Myths That Are Actually TrueBirds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable WayTop 10 Most Romantic Nations In The WorldWho Is The Most Powerful Woman On Earth?last_img read more