Norway’s new Covid-19 bond fund makes first investments
Norway has restored its rescue bond fund from the financial crisis by providing NOK 50 billion to help Norwegian companies amid the Covid-19-crisis. The fund made its first investments shortly after state asset manager Folketrygdfondet took over responsibility for the restored fund.
Since Goldman Sachs Asset Management brought in Thomas Kønig to rethink its Nordic strategy, he's been reinforcing the regional team. Last year, the industry titan opened a new office in the heart of Copenhagen, and Kønig is still scouting for new profiles, he tells AMWatch.
The fund industry in Sweden could be facing further consolidation due to increased regulation and a reduction of the number of funds in the Swedish Premium Pension System (PPM), writes Swedish financial newspaper Dagens Industri.