Norway’s $1.8tn SWF fund makes first long-short equity hedge fund allocation

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Norway’s $1.8tn SWF fund makes first long-short equity hedge fund allocation

Norway’s $1.8tn sovereign wealth fund has taken its first steps into long-short equity hedge fund investing, with plans to allocate billions of dollars to the strategy in a bid to enhance returns, according to a report by the Financial Times. Norges Bank Investment Management (NBIM), which oversees the world’s largest sovereign wealth fund, confirmed that it made its first long-short hedge fund investment in January and is currently evaluating a…