Norway Sovereign Wealth ‘Oil’ Fund Hits $US 1 Trillion

#12143
Assistanc3
Participant

This reminds me of the Ontario Teachers Pension Plan

It was known as the Teachers Puppet Plan because when they owned the Toronto Maple Leafs of the NHL, not only was it (and still is) the most valuable hockey team, they never put a Stanley Cup contending team on the ice. Instead of going out and getting a high caliber free agent, the Pension Plan saved that money for returns.

The pension plan reported a preliminary $11.5 billion funding surplus as of Jan. 1, 2017.

[quote=”ClemSnide” post=1881]I remember when all of wall street were criticizing Norway after the GFC – typically they were wrong and ignorant, where are the compliments now? A great example of a plan and recognition of changing trends.[/quote]