Category: sovereign wealth fund

Sovereign Wealth Funds Create New Trillion-Dollar Record From Robust Returns

January 2, 2022
Business & EconomyeconomyInvestmentMarketspublic pension fundsovereign wealth fundventure capital
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Assets under management held in sovereign wealth and public pension funds reached a record $31.9 trillion due to strong returns from American stock markets and rising oil prices as global economies recover from pandemic-era lockdowns. Sovereign wealth funds (SWF) grew 6 percent from $9.9 trillion in 2020 to $10.5 trillion last year, passing the $10…

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Norway Sovereign Wealth Fund Backs FedEx CEO Pay

September 22, 2021
Business & EconomyCEOCompaniesEuropefedexFred SmithNorwaysovereign wealth fundUSUS NewsWorld
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OSLO—Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, said on Wednesday it will support FedEx CEO Fred Smith’s $54 million pay package at a meeting of the logistics company’s shareholders next week. The pay of the billionaire chief executive has been challenged by a labour union over the company’s decision to cancel a bonus…

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