15010
Norway Fund Takes Aim
World Economy

Norway Fund Takes Aim

Norway’s $890b wealth fund is taking the rare step of publicly criticizing the proliferation of dark pools, arguing the world’s biggest investors only need one such platform, Bloomberg reported. “There’s a rent extraction from all these intermediaries,” Oeyvind Schanke, head of the fund’s asset strategies, said in a telephone interview. “We are trying to advocate that we need to bring some of this back to where we started by getting the participants to meet, creating a utility that’s there for the sake of transacting institutional-sized blocks.” The fund says institutional investors, and the savers they represent, are wasting money paying multiple fees amid a fragmentation of anonymous trading venues over the past decade.

 

Short URL : http://goo.gl/Nr7fEL

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...
Algeria Trade Deficit Sharply Down
Algeria’s trade deficit declined by 83.6% to $490 million...

Trending

Googleplus