Norway’s $570 billion oil fund may now target private equity as chief adviser on its investment rules has been changed, Bloomberg reports. The fund may now expand into new asset classes, such as roads, gas pipelines and unlisted shares. Svein Gjedrem, former central bank governor, has now joined as secretary general at the finance ministry and chief adviser on investment rules for the oil fund, replacing Tore Eriksen. In April, the ministry blocked proposals to expand the fund’s investments.

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