Norway’s central bank has posted a discreet advert for someone to step in as the head of Norges Bank Investment Management.
Norway’s $1.2tn sovereign wealth fund is the largest in the world. The fund owns the equivalent of 1.4% of every listed company in the world.
Just 3% of its holdings are in property – although that does equate to $36bn – and it has been getting more heavily involved in real estate over the past decade as it is concerned about over-exposure to the stock market.
