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September 18, 2012
Norway Tops SWF List as New Funds Proliferate
Commodity strength spurs the spread of sovereign wealth funds as a growing number of countries seek to preserve income for future generations.
By Tom Buerkle , Loch Adamson
Norways Government Pension Fund Global is the worlds largest sovereign wealth fund after posting strong growth of 10.4 percent in the latest year, according to Institutional Investors 2012 ranking of the worlds biggest sovereign funds.
The Norwegian fund had $612 billion in assets under management at the end of March, compared with $554.5 billion a year earlier, when it ranked second. The Abu Dhabi Investment Authority moves down one place to the No. 2 spot, after a change....