The incoming Conservative-led government wants to revamp and potentially split it into two competing funds, Reuters reported.
In addition, the government is considering allowing foreign private equity and infrastructure investment to crease a more diversified portfolio, said the report.
Progress, one of the parties that are likely to make up the ruling coalition, wants to redirect more of the oil money from the fund to invest in infrastructure.
“The current organisation has served the fund well through the start-up period, but it is now time to review whether the fund should stay within the current framework,” a Conservative party representative told Reuters.
A spokesman for the Progress party said, “For a rough estimate, if the fund is worth 4,500 billion crowns ($755bn), the main fund would be worth 4,000 billion crowns and the remaining 500 billion crowns would be divided between three smaller funds.”
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