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Investment Funds

Published: June 24, 2013 | 3:32 pm
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In July, the parliament will introduce a package of legislative changes regarding the Sovereign Fund, which had earlier been announced by the Prime Minister. According to TV3’s information, the Sovereign Investment Fund will come equipped with a board of independent directors, and a set of functions divided between the management and a council of supervisors. The partner fund states that the Sovereign Fund will fully comply with international standards, as indicated by the World Bank’s and the International Monetary Fund’s involvement in its foundation. According to the Minister of Economy, a government group is also taking an active part in creating this new structure.
The presentation of the Sovereign Fund is planned for the coming autumn, around which time it is also planned to present another, private investment fund. Talks regarding the latter’s structure and potential investors are currently in progress.

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