Norges Bank Investment Management

Looking for in-depth knowledge sharing? 💡 Are you ready to discover more about the key drivers behind the fund's annual results? 📊 📈 Watch the press conference to learn more from Senior Portfolio Manager/Head of Software Doug Shell in New York about our tech investments. 🏢 Senior Portfolio Manager/Head of US Unlisted Real Estate John McCarthy said "2024 marked a turning point for most real estate markets". 👩💻 Isabelle Molander, Associate Portfolio Manager External Strategies gives you insights into how we leverage local knowledge with external managers. 💨 Global Head of Energy and Infrastructure, Harald von Heyden, explains how our unlisted renewable investments performed in 2024. 🏦 And not least Malin Norberg, CFA, Chief Investment Officer Market Strategies gives you an update about the fixed income markets. Recording is available on our website and our YouTube channel: https://lnkd.in/dxgTCQic #oljefondet #norgesbankinvestmentmanagement #investing #annualresults

📈 Strong return in record-breaking year for the Norwegian sovereign wealth fund. The 2024 results are out – watch our press conference at 10am CET! 🎥 💰 The fund's value was 19,742 billion kroner at the end of 2024. The year marked the highest return in kroner ever recorded – the fund's return amounted to 2,511 billion kroner. In total, including inflows and currency effects, the value was up by almost 4 trillion kroner. The main reason is a strong return of 18% in the equity market. 💻 The technology sector was the key driver for the positive return, as the value of our tech holdings increased significantly. ⚠️ This also poses a concentration risk, which we will dive deeper into in our press conference. We will live stream on our website, as well will publish on our YouTube channel. 📊 Allocation overview as of December 31st 2024: 📈 71.4% equities 📋 26.6% fixed income 🏢 1.8% unlisted real estate 🌱 0.1% unlisted renewable infrastructure Link to the press conference in the comments, and always available through our website nbim.no 🌐 #oljefondet #reporting #results #investing

What are the fund’s top 10 investments? 🥇 How did the fund perform last year? 📈 What risk scenarios do we see on the horizon – and what can happen to the fund if something happens in the markets? 📊 Ready to dive deep into what shaped the fund’s 2024? Mark your calendar for Wednesday January 29th – where we’ll present our results from 2024 in our annual press conference. 🎥 Live streamed on our website from 10am CET #oljefondet #annualreporting #nbim #norges

Congratulations to Caroline Sophie Lassabliere, our Head of Markets Compliance, she’s on the prestigious talent list “40 under 40” by the Norwegian business magazine Kapital 🏅   CEO Nicolai Tangen says Caroline "is a respected and dynamic leader with strong professional expertise. The area she leads is incredibly important for the fund".    📊 The department Caroline leads has primary responsibility for the fund's handling of insider information, proprietary trading, and monitoring of market manipulation. The team advises all investment teams globally and works closely with investment processes and decisions, while staying updated on what's happening in the markets.   👩🎓 Her career at the fund started back in 2018. Four years later, aged 34, she was promoted to Head of Market Compliance at the 1.7 trillion dollar Norwegian sovereign wealth fund.   Before joining the fund, she worked at Goldman Sachs in #London, where she also has experience from international law firms, with a Master's degree in Law from Universitetet i Bergen (UiB)👩⚖️   #Kapital annually nominates coming stars in Norway’s #business community, and we are proud to have Caroline as our Head of Markets Compliance! 🙌   #oljefondet #40under40 #talent #kapital #womeninfinance 

Passion for investment analysis? 📊 Is real estate more your thing? 🏢 Or are you discovering hidden gems with coding? 👩💻 We’re looking for talented people from any degree background to join our fantastic New York Summer Internship. We offer invaluable opportunities to learn from world-leading experts and to do meaningful work in a supportive and inclusive culture. We value all fields of expertise – hit the link to learn more and apply by 2nd February! ⭐ https://lnkd.in/dPeZepmK #SummerInternship #FinanceCareers #norges #NBIM #WallStreet #InvestmentManagement #NYCJobs #hiring #intern #investing

🏢London: New joint venture secures the fund 25% interest in mixed-use real estate portfolio 🌇 The 2.3 million square feet mixed-use portfolio is predominately office and retail assets clustered around Grosvenor Street and Mount Street in London's Mayfair. 🤝 "We are very pleased to enter a new partnership with Grosvenor in Mayfair. We have confidence in the long-term value creation inherent in the West End and are excited to see that delivered through Grosvenor's well-respected management," says Head of UK Real Estate Jayesh Patel, CFA. 💡 Did you know that the fund also has a 25 percent stake in London's Regent Street? The investment was announced in 2010 when we entered into a partnership with The Crown Estate. 💷 Real estate generates annual rental income and helps diversify the fund. 🌱 We work to safeguard and build financial wealth for current and future generations. Read more about the latest investment in this Financial Times article https://lnkd.in/djszxX-X #RealEstate #oljefondet #investment #news #london #mayfair 📸 Photos by Andrew Holt and Grosvenor

🌍 Challenging the status quo in Davos at #WEF25 Is quarterly reporting truly serving its purpose? 📊 💡 Our vision: A market that prioritises long-term value creation over short-term metrics. This isn't about less transparency – it's about giving companies the breathing room to innovate, invest, and grow sustainably. The arguments supporting less frequent reporting are compelling: 🌐 Major markets (EU, UK, Singapore) have already moved away from mandatory quarterly reporting - this hasn't led to the market chaos that some perhaps feared. 📉 Public markets (including the US) have seen a 40% decrease in listed companies the past two decades – is quarterly reporting becoming a burden? 🔬 Companies in sectors like semiconductors, cloud computing, and biotech spend 2x more on R&D than other industries according to our research – should we give them more time to focus on innovation rather than reporting every 3 months? 📈 For smaller companies and startups, the reporting is particularly heavy - we could make public markets more accessible to growth companies 🎯 Our message is clear: Let's create an environment where companies can focus on strategic planning, and where the market rewards long-term thinking. ⏳ The fund has already moved from quarterly to half-year reporting. Following this, we've found ourselves better positioned to focus on what truly matters: long-term strategy and sustainable value creation. This isn't just about saving time and resources – it's about fundamentally changing how businesses think and operate. It's time for a broader conversation about what really drives sustainable value creation. 📰 Read more in Financial Times in the link below: #oljefondet #davos #reporting

🏢 Kick-starting 2025 with three big, new real estate deals from the fund 📈 ▶️ Expanding ownership in #Boston, #SanFrancisco and #WashingtonDC 🇺🇸 We have acquired an additional 50.1 interest in eight office properties across three major cities in the #US from Nuveen, a TIAA company. With this acquisition, the fund will hold a 100 percent ownership interest in the assets. "In a period of heightened dislocation in the office sector, we see this as an opportune moment to invest. By taking full ownership of nearly 3.7 million square feet across Boston, San Francisco, and Washington, D.C., we're demonstrating our conviction that well-located, high-quality office buildings will continue to deliver long-term value. Furthermore, we believe the continued relationship with Nuveen Real Estate will support delivering long-term value to our fund", says Per Sverdrup Løken, Global Co-Head Unlisted Real Estate. Read more here: https://lnkd.in/dhG9wja8    ▶️ New investment in US logistics 🇺🇸 In a new joint venture with Goodman Group we have acquired a 45 percent interest in a logistics portfolio in the US, compring 48 buildings in Southern #California, #NewJersey, and #Pennsylvania 📦 “The portfolio exemplifies high quality buildings in excellent locations. We have long-term conviction in the investment, and we also see appealing growth potential, given the restrictions on new supply in these locations”, says Ed Lerum, Head of Global Logistics Real Estate.  Read more here: https://lnkd.in/dPXHEe-w    ▶️ New investment in #Paris 🗼🇫🇷 With completion expected in the first quarter of 2025, the fund acquired an 80 percent stake in Trinity Tower, an office property location in Paris La Défence, through a new partnership with Unibail-Rodamco-Westfield. The property comprises approximately 50,000 square meters of office space. “Today's dynamic real estate environment offers selective opportunities for those ready to act decisively”, says Guilain Decrop, Head of Continental Europe, Unlisted Real Estate.   Read more here: https://lnkd.in/diaQji4H Photos by Goodman, Nuveen and Cro & Co Architecture, Luc Boegly. #logistics #realestate #real #estate #oljefondet #NBIM #realassets

🔍 Why transparency is crucial for building trust When you're managing $1.8T of a nation's wealth, trust isn't just nice to have — it's essential 🤝 We set out to become the world's most transparent fund 🏆 We look at it as a competitive advantage, and we communicate openly with our owners, the Norwegian people. 🇳🇴 And yes, there's actually a world championship in transparency! ✨ Tune in to a great talk with Goldman Sachs Chairman and CEO David Solomon and Nicolai Tangen, CEO of #NorgesBankInvestmentManagement. #Oljefondet #GoldmanSachsTalks #investing 📈

🎅🎄What a way to start the Christmas celebrations! We are incredibly excited about all our 2025 speakers! Through December we've released a number of our keynote speakers for next year’s conference. And of course we’re very excited to tell you that #CEO of Novo Nordisk Lars Fruergaard Jørgensen is coming to our investment conference next year! IC25 kicks off in Oslo on April 29, 2025 and is live streamed on our website. Want to get to know Lars Fruergaard Jørgensen better ahead of IC25? Check out this episode of our podcast, In Good Company: https://lnkd.in/gU9PeEUm You will find the conference live stream on our new website NBIM.no/en God jul and Merry Christmas! #oljefondet #IC25 #investmentconference #novo #novonordisk