New Strategy Council for the Government Pension Fund Global

In the National Budget 2011 the Ministry today announced the establishment of a new Strategy Council with four external members. The Strategy Council has been asked to write a report on the long term investment strategy of the Government Pension Fund Global and present this no later than 1 December 2010.

“Such independent and critical reviews will provide useful professional input while fostering greater transparency and discussion about important issues related to the long-term investment strategy of the Fund,” says Minister of Finance, Sigbjørn Johnsen.

In 2010, the Council will be chaired by Emeritus Professor of Finance Elroy Dimson (London Business School). The other members are Senior Portfolio Manager Antti Ilmanen (Brevan Howard), Senior Analyst Øystein Stephansen (DnB NOR Markets) and Professor in Finance and Rector Eva Liljeblom (Hanken School of Economics).

A further description of the Council’s members and the mandate is available on the Minstry’s web site.

While such reports will be produced regularly going forward, both the composition and mandate of the group may vary from time to time.

-----------------

Mandate for Strategy Council
Members of the Strategy Council

_______________________

Read more:

• Fiscal Budget 2011: A modest fiscal tightening
• Level playing field for suppliers of electronic services
• The National Budget 2011 - A summary
• Main features of the Government’s tax programme for 2011