Norway’s $2.1 Trillion Wealth Fund Wants More Internal Trading

Norway’s sovereign wealth fund plans to reduce unnecessary and costly trading by managing more transactions flow internally.

“For a fund this size, the biggest part of the trading cost is not the intermediaries, the commissions, it’s actually the market impact,” Deputy Chief Executive Officer Trond Grande said Wednesday after the fund unveiled a strategy plan through 2028. “It’s about trading less and trading smarter, and of course trading cheaper.”