World’s biggest wealth fund girds for rise in political risk - Livemint

World’s biggest wealth fund girds for rise in political risk - Livemint:
"Investment risks related to political upheaval and climate change are on the rise, the world’s biggest sovereign wealth fund warned.

“If you look at the physical risk issues, the stress is going to increase around the world, on the fiscal side as well,” Dag Huse, chief risk officer of Norway’s $870 billion wealth fund, said in an interview in Oslo on Friday. “Coupled with political uncertainties, that’s of course an important issue. In isolation, all geopolitical developments are high on our agenda in general. It’s something we discuss from day to day.”

Huse declined to single out any particular political event in 2016, the year electoral results shocked observers with the UK’s decision to exit the European Union and US voters choosing Donald Trump for president. Geopolitical risk has been especially high on the fund’s radar starting with the financial crisis in 2008 and 2009, he said."

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