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Performance and Transparency of the Norwegian Sovereign Wealth Fund

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  • Mehmet Caner
  • Thomas Grennes

Abstract

[eng] The Norwegian sovereign wealth fund (SWF) is widely acknowledged to be one of the most transparent funds of its type. It has performed like a balanced mutual fund whose investments have been no more disruptive to financial markets than those of other institutional investors. There is a question as to whether the Fund has been a prudent agent for Norwegian citizens. If its purpose is to protect Norwegian national assets from the volatility of energy markets, can it be judged successful if its investments expose collective assets to equal or greater risk in world financial markets ? . JEL Classification : F30, G29

Suggested Citation

  • Mehmet Caner & Thomas Grennes, 2009. "Performance and Transparency of the Norwegian Sovereign Wealth Fund," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 119-125.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5498
    DOI: 10.3406/ecofi.2009.5498
    Note: DOI:10.3406/ecofi.2009.5498
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    References listed on IDEAS

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    1. Joshua Aizenman & Reuven Glick, 2009. "Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance," International Finance, Wiley Blackwell, vol. 12(3), pages 351-386, December.
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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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