“Norway’s sovereign wealth fund, the world’s largest, warned that stock-market gains may reverse as Europe’s biggest equity investor said it won’t use new inflows to buy more shares. ‘Our share in the stock market has been stable or falling even though markets are rising, and that means in practice that we’re not using inflows to buy stocks,’ Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, said at a press conference today in Oslo. The fund is preparing for a ‘correction’ in stock prices, he said. The warning follows a surge in stock values that added 7.6 percent to the fund’s equity portfolio last quarter.”
Related posts:
Fund Manager Hugh Hendry: I would buy Bitcoin if I could
California’s biggest community college loses accreditation
Argentine ‘superhero’ facing weapons charges
Woman hoards 30 Government Life line phones or Obama phones
As Bitcoin Surges, Here's How It Compares to Gold
'Synthetic pot' cases hard to prosecute, but family businesses lose everything anyway
Washington state purges 'sexist' language from public laws
Google’s Schmidt Sees Encryption Killing Censorship
Former Chicago cop gets 19 years in Latin Kings case
Gun charge dropped after police attempt to enforce non-existent law
Idea is floated for a start-up colony anchored in the Pacific Ocean
China’s state-run TV broadcast of ‘V for Vendetta’ shocks viewers
Professor in Jesus-stomping controversy reinstated, will teach online courses
Activists and family blame suicide of Aaron Swartz on overzealous prosecution
Health Premiums Up $3,000 Since Obama Vowed $2,500 Cut