WSJ – For some inkling of where investment theory is headed, take a look at the debates and forums being hosted by the Norwegian Government Pension Fund. Fund officials are in the midst of an inquiry into why their fund, which invests proceeds from Norway’s vast petroleum exploits, performed so poorly in 2009 and how it should re-orient itself .
Unlike, say, a hedge fund, Norway’s pension fund conducts a big portion of its business in the public eye, which means you can get a heck of an education simply by tuning in to the presentations given by the bevy of academics the Norwegian government has brought in to look at the performance.
