Folketrygdfondet to manage Nordic mandate of up to 30 billion NOK from Tromsø

The fund will invest in Nordic listed stocks not included in the reference index of the Government Pension Fund Norway. The fund's management capital is estimated to be between 15-30 billion Norwegian kroner.
 Kjetil Houg, administrerende direktør. Foto
Foto: Jarle Nyttingnes

The government proposes that Folketrygdfondet should manage a new fund based in Tromsø. The proposal aligns with our recommendation sent to the ministry on September 15, and CEO Kjetil Houg looks forward to the further process with the mandate:

'It's a vote of confidence in Folketrygdfondet as an organization that the Government wants to entrust us with managing a new fund from Tromsø. Our ambition is to efficiently fulfill the assignment and, at the same time, generate positive effects for the entire organization.'

'The establishment will not reduce our ability to manage the Government Pension Fund Norway (GPFN) and the State Bond Fund.'

Initially, the fund is planned with a management capital of 15 billion kroner, with a framework of up to 30 billion kroner as experience is gained.

'We await final political clarification in the Parliament, but we have a solid plan on how to resolve this, ensuring the establishment of an impactful and exciting environment,' says Houg.