Norway Wealth Fund Could Allocate Up to $80 Billion to Outside Firms

Norway’s sovereign wealth fund, the world’s biggest, wants to allocate a larger chunk of its $1.3 trillion portfolio to external asset managers, describing their performance so far as “fantastic.” The Oslo-based investor already raised its allocation target for external asset managers at the end of last year, bringing it to 5% from just under 4%. […]

Indonesia Names Wirakusumah to Helm $100 Billion Wealth Fund

Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare. Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co., General Electric Co., as well as […]