Norway wealth fund should not invest in private equity, govt says

Norway wealth fund should not invest in private equity, govt says

FILE PHOTO: A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo

Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, should not be allowed to include private equity investments in its portfolio at this time, the government said on Friday, in a setback for the fund’s management.