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Norway’s $900B oil wealth fund in for drastic changes
Norway’s $900 billion sovereign wealth fund, derived from the country’s oil riches, may become more risk tolerant and provide the government with less money each year in moves that many have called “drastic” for the typically calm world’s largest wealth fund. The NOK 7.48 trillion Norwegian kroner fund, which currently receives all of Norway’s oil and gas income, would bring its current 60% equity allocation up to 70% if parliamentary approval backs Prime Minister......
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