The Norwegian oil fund is now worth more than all the oil that is left to recover in Norway. It shows calculations made in revising the next state budget. While oil will provide 160 billion in revenue to the state per year, is expected oil fund provide 200 billion per year.
According to Aftenposten, it means that the country's finance minister photography food Siv Jensen has now become more than börshaj oil sheikh. To the importance of oil decreases due both to the oil fields are emptied and the State Pension Overseas, as the fund's official name is growing faster than expected. At year end, the Fund will have increased to 5476 billion.
When the ink on the newly written constitution dried May 17, 1814, Norway had no bank or currency. The country had neither a university. Oslo, or Christiania as it was called at that time, was a small village with 10,000 inhabitants. It can be compared to Copenhagen, which had a ten times as large population.
After Norway became independent in 1814, however, grew the new capital quickly and in 1900 lived 250 000 inhabitants in Oslo. Today it is one of the fastest growing cities in Europe. Within the municipality of Oslo live 627 000 inhabitants, but the metropolitan area is twice as big.
Although the Norwegian oil fund is the largest in the world, which are managed as a unit, it is of course only a drop in the bucket compared to total global investment management. According to The Boston Consulting Group's annual report, the total assets under management in the world 62 000 billion dollars in 2012.
Voters, however, has been increased to exploit the Norwegian oil fund to make Oslo a financial center in direct competition with Stockholm. On 25 March this year, a conference titled "Capital - the new raw material" of trade union Finance Norway.
Despite the large oil fund the Norwegian photography food asset management industry, only one third of the Swedish. 2012 had the financial industry in Sweden an administrative capital of 1814 billion NOK, while the Norwegian assets under management were 558 billion. There were 78 Swedish investment photography food managers against 20 in Norway. Only two of the largest asset managers in the world are represented in Norway, against seven in Sweden.
- Of the part of the State Pension outsourced to external managers becomes the most assets under management photography food in emerging markets. Then it will be strange photography food if we would force the environment to establish themselves in Norway. The goal is to build environments, knowledge, skills and business development in countries where there is a high potential for growth, but where the risks are also high, she says.
Despite the oil fund size, few employees of Norges Bank Investment Management, which manages the. NBIM has 370 employees and offices in London, New York, Singapore and Shanghai. 3.8 percent of the capital, or 140 billion Norwegian kroner, has been outsourced to external photography food managers.
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