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The Norway model in perspective

Accepted version
Peer-reviewed

Change log

Authors

Chambers, D 
Ilmanen, A 

Abstract

Our 2012 paper on the Norway Model spotlighted that country’s sovereign wealth fund. We argued that Norway provides a coherent and compelling approach to managing longterm pools of assets. Since then, the Norwegian Government Pension Fund has grown in scale and complexity, and its structure has evolved. Meanwhile, other models for asset management have been put forward. In this article we review Norway’s investment strategy in the light of the last decade’s experience, put it in a broader context by comparing Norway with alternative approaches, and re-examine the Fund’s commitment to responsible investing. Since we wrote our earlier paper, environmental and social issues have come to the fore and there is still much to learn from the Norway Model.

Description

Keywords

3502 Banking, Finance and Investment, 35 Commerce, Management, Tourism and Services

Journal Title

The Journal of Portfolio Management: the journal for investment professionals

Conference Name

Journal ISSN

0095-4918
2168-8656

Volume Title

47

Publisher

Institutional Investor Systems

Rights

All rights reserved