Why NBIM’s F1 Investment Might Only Be a Pit Stop
Posted on 03/12/2014
The Norwegian Government Pension Fund Global (GPFG) is under scrutiny for its US$ 300 million stake in Formula One, an investment which Yngve Slyngstad, CEO of Norges Bank Investment Management, told Norwegian newspaper Dagens Naeringsliv was an unfortunate mistake. His buyer’s remorse follows investigations into the allegedly corrupt practices of Formula One CEO Bernie Ecclestone. […]
