FRIC Practitioner seminar with Ole Christian Bech-Moen, Norges Bank Investment Management
Join us of an upcoming FRIC Practitioner seminar with Ole Christian Bech-Moen, Norges Bank Investment Management on October 8, 2018.
Ole Christian Bech-Moen will present: Investing for the long-term
The talk will focus on central topics facing one of the world’s largest institutional investors, and the ramifications of a long-term investment horizon on strategic allocation decisions: what are the implications of portfolio rebalancing on expected returns, and turnover and transaction costs? How should an investor that has substantial oil price exposure outside of its financial portfolio think about investing in the oil and gas sector? Lastly, given a high degree of cross-country co-movement in equity and fixed income returns, has the case for international diversification weakened?
- Norges Bank Investment Management (2017), Discussion Note 4: Petroleum wealth and oil price exposure of equity sectors. Available at: https://www.nbim.no/en/transparency/discussion-notes/2017/petroleum-wealth-and-oil-price-exposure-of-equity-sectors/
- Norges Bank Investment Management (2017), Discussion Note 1: International diversification for long-term investors. Available at: https://www.nbim.no/en/transparency/discussion-notes/2017/international-diversification-for-long-term-investors/
- Norges Bank Investment Management (2018), Discussion Note 1: No-trade band rebalancing rules: Expected returns and transaction costs. Available at: https://www.nbim.no/en/transparency/discussion-notes/2018/no-trade-band-rebalancing-rules-expected-returns-and-transaction-costs/
Norges Bank Investment Management is the asset management unit of the Norwegian central bank (Norges Bank). NBIM manages the Government Pension Fund Global, often referred to as the Norwegian oil fund. The fund has a market value of approximately NOK 8,500 billion ($1 trillion), invested in around 9,000 companies across more than 70 countries worldwide.
Ole Christian Bech-Moen joined NBIM in 2009, and was appointed Chief Investment Officer Allocation Strategies of Norges Bank Investment Management (NBIM) in October 2014. Mr. Bech-Moen has a PhD in Economics from the University of Oslo and a Master of Economics from the London School of Economics.
The event will take place in SPs13 (Velux Auditorium)