Pension fund recommendation

Oslo: Norway’s €350 billion Government Pension Fund Global, the world’s second-largest sovereign wealth fund, should invest in riskier assets to take full advantage of its long-term outlook, an advisory group recommended.

The panel, headed by Elroy Dimson, an emeritus professor at the London Business School, said the investor should be more “proactively contrarian” since it’s not obliged to deliver a 4% return every year, “or even every decade,” according to a report by the Strategy Council released today in Oslo.