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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

Sumner County Sheriff weekly bookings: May 19 – May 26, 2014

first_imgThe Sumner County Sheriff weekly bookings into the Sumner County jail for May 19 to May 26, 2014 are as follows:  Rayburn, Bobbie L.61Perth, Ks.2022 E. 16th, Wellington Ks.WPDCity of Derby Warrant (F.T.A.)5/20/14 Baker, Jason W.34Wellington, Ks.274 W. Dexter, Wellington Ks.WPDCriminal Damage to Property5/24/14 Stangl, Christopher38Wellington, Ks.501 N. Washington, Wellington KS.SUSOProbation Violation5/19/14 Hicks, Billy J59Levelland, TX600 S Washington Wellington, KSSUSOCriminal Trespass5/22/14 Banister, Nathan T.52Wellington, Ks.501 N. Washington, Wellington KS.SUSOContempt (Child Support)5/20/14 Lea, Anbthony T.29Wellington, Ks.610 E. Hillside, Wellington Ks.SUSOServe Sentence5/23/14 Swank, Paige19Wichita, Ks.1200 E US166 Gueda Springs KsSUSODriving while suspended and possession of opiate5/24/14 Rice, Shawn David30Adrian, MILenawee County Jail, Adrian, MISUSOProbation Violation; DWS; Fleeing or attempting to elude; Criminal deprivation of property; Stalking; Criminal Threat5/21/14 Brown, Dustin A26Wellington, Ks.1111 E Harvey Wellington, KSWPDDomestic Battery, Disorderly Conduct5/22/14 Wilson, Chelsi L.26Mayfield, Ks610 E. Hillside, Wellington Ks.SUSOServing Sentence 48 Hours5/25/14 Dawson, Derek A.26Wellington, Ks.Lincoln  & WashingtonWPDDriving under the influence.5/25/14 Monday 0600  to  Monday 0600  WEEKLY   BOOKINGS 5/19/2014 thru 5/26/2014 Gile, Brian35Derby, KsSGCO JailSUSOProbation Violation5/22/14 Washington, Michael W. Jr.38Wellington, Ks.1820 E. 16th, Wellington, KS.WPDSedgwick County warrant5/20/14 Hutton, Denise54Wichita, Ks.I-35, mp 33 Mulvane KsSUSODriving While Suspended5/19/14 Hughes, Rayshon T.27Wichita, Ks.610 E. Hillside, Wellington Ks.SUSOServe Sentence 48 Hours5/23/14 Schulz, Charles D56Wellington, Ks.508 E Lincoln Wellington, KSWPDWarrant Arrest- Distribute Herion, Possession of Drug Paraphernalia5/21/14 Rayl, Thornton L47Wellington, Ks.703 E Lincoln, Wellington KSSUSOWarrant- PV5/22/14 Cornejo, Savannah M19Wellington, Ks.Dollar generalWPDTheft5/22/14 NameAgeAddressArrest locationAgencyChargesArrest date Golden, Austin L.18Augusta, Ks.Butler County  Detention FacilitySUSOProbation Violation5/23/14 Araujo, Previn J.42Wichita, Ks.Sedgwick County JailSUSOFailure to Appear5/23/14 Lippincott, Cabriel A.36Wellington, Ks.I-35. mp 21,KHPPedestrian Under the Influence5/24/14 Burnett, Jesse32Wellington, Ks.SGCO JailSUSOArrest and Detain5/22/14 Wood, Christopher, A33Wellington, Ks.B and 15th, Wellington KSWPDDriving While Suspended5/21/14 Pitcher, Robert24Tulsa OkI35 MPKHPDriving under the influence, Driving while suspended, No liability insurance5/23/14 Ledesma, J’Lynn23Wellington, Ks.610 E. Hillside, Wellington Ks.WPDServing Sentence 48 Hours5/24/14 Williams, Denelious27Wichita, Ks.1200 E US166 Gueda Springs KsSUSOPossession of paraphernalia, Distribution of narcotics, No tax stamp5/24/14 Murry, Jonathan M.25Arkansas City, Ks.I-35, mp 16 Wellington, KsKHPDriving while suspended and No proof of Insurance5/25/14 McCulley, Jennine22Wellington, Ks.700 S Drury Road South Haven, KsSUSODomestic Battery.5/25/14last_img read more