Norges Could Be Valuable Ally For Activists

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Mani
Published on
Updated on
Norges has $893b AUM

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 boards. World’s largest sovereign wealth fund The government pension fund of Norway is the world’s largest…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports