Norges Could Be Valuable Ally For Activists – ValueWalk Premium
Norges has $893b AUM

Norges Could Be Valuable Ally For Activists

Though Norway's NBIM has held a 3% ownership stake in five U.S.-based companies, the fund has never submitted a shareholder proposal or started an activist campaign against one of those companies. However, the fund could be a valuable ally for activists, notes FactSet.

Anthony Garcia of FactSet in s note dated December 3, 2014 points out that an analysis of the correlation between its ownership positions and proxy access proposals reveals Norges is not using proxy access proposals as a strategy to take over company . . .

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