News

Remuneration of executive personnel and board composition were key issues this general meeting season. In total, we have voted against 77 board proposals this spring.

The Ministry of Finance has appointed Morten Borge as a new member of Folketrygdfondet’s Board of Directors. Siri Teigum has been reappointed as Chair and Tørres Trovik as board member, while Einar Westby and Trond Døskeland will leave the Board.

The return to the Government Pension Fund Norway (SPN), ownership follow-up and the proposal for a new asset management unit in Tromsø were among the issues discussed at the Storting’s annual hearing on the Government Pension Fund.

The Ministry of Finance has asked Folketrygdfondet to submit a proposal for a new asset management unit in Tromsø. ‘A vote of confidence in Folketrygdfondet’s track record as an asset manager,’ says Kjetil Houg, CEO of Folketrygdfondet.

Folketrygdfondet has beaten the market by 1 percentage point annually since 2007. "Our report on risk-adjusted return shows that this is not due to coincidence," says financial analyst Joakim Kvamvold.

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a loss of NOK 15 billion in 2022. The return was -4.4 per cent. The capital amounted to NOK 318 billion at year-end.

Karl CW Mathisen (44) will start as the new Chief Investment Officer Equities at Folketrygdfondet on 1 February 2023.

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a loss of NOK 13 billion in the third quarter 2022. The return was minus 4.1 per cent, which was 0.1 percentage points lower than the market. The capital amounted to NOK 302 billion at the end of the quarter.

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a loss of NOK 17.8 billion for the first half-year 2022. The return was minus 5.4 per cent, which was 0.5 percentage points better than the market. The capital amounted to NOK 315 billion at the end of the period.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved a return of -0.1% in Q1 2022, equivalent to NOK -0.4 billion. The fund capital totalled NOK 332.5 billion at quarter-end.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved a profit of NOK 41 billion in 2021 – a new record. The return on capital 14.0 per cent. The fund capital totalled NOK 333 billion at the end of the year.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved a return of 2.9% in the third quarter of 2021 – 1.0 percentage points better than the market. Folketrygdfondet has not achieved a higher margin since 2008. The fund capital increased by NOK 9 billion during the quarter, to NOK 326 billion.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved earnings of NOK 25 billion in the first half of 2021, equating to a return of 8.62% – 0.18 percentage points better than the market. The fund capital totalled NOK 317 billion as at 30 June.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved earnings of NOK 11.3 billion in the first quarter of 2021, equating to a return of 3.9%. The fund capital totalled NOK 303.4 billion at quarter-end.

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved a profit of NOK 23.5 billion in 2020, equaling a return of 8.8 per cent. Assets under management increased to NOK 292.2 billion at the end of the year.

The Government Bond Fund, also managed by Folketrygdfondet, achieved a profit of NOK 312 million. The fund has made investments in 66 different issuers with a total market value of NOK 8.4 billion at year-end.