Fund-Total Government Pension

The Fund-Total Government Pension is a Fonds sovereign of the Norwegian state.

Origin

The Fund-Total Government Pension date of 1996 and is registered like the successor of the Pétroleum Fund (1990) created to manage the surpluses of monetary reserves generated by the export of the Pétrole.

Management

This funds is managed by the Norwegian Central bank, but part of this management is delegated to about fifty Norwegian and foreign companies. The policy of management is careful with an at the same time defensive and diversified profile, limiting the participations in less than 5%. The funds obeys rules, formalized in 2004, relatively strict in term of ethics.

Transparency and to that

The performances of the funds are the subject of a quarterly and annual report/ratio. Norwegian and English the annual report, published, is public, contrary to the quarterly report/ratio of internal use. Its accounts are audited by the branch to that Norwegian central bank itself.

Incur and participations

In 2007, incur it managed represents approximately 300 billion $.

See too

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