Artikler tagget med NORWAY

Asset Market Participation and Portfolio Choice

Asset Market Participation and Portfolio Choice

onsdag, 10 september 2014
  • We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households’ investments drawn from the Tax Registry.

The Norwegian Government Pension Fund’s Potential for Capturing Illiquidity Premiums

The Norwegian Government Pension Fund’s Potential for Capturing Illiquidity Premiums

onsdag, 20 august 2014
  • The Norwegian ministry of finance has asked us to investigate the possibilities for the Government Pension Fund Global (GPFG) to profit from liquidity premiums in illiquid investments. Can a large investor with a long horizon, limited short term liquidity needs and high risk bearing capacity, such as the GPFG, profit from these liquidity premiums?