Yngve Slyngstad, chief executive, Norway Sovereign Wealth Fund

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Yngve Slyngstad says the UK will proceed to be “important” funding for Norway’s wealth fund

Norway’s large state funding fund has mentioned it can improve its funding within the UK.

The sovereign wealth fund, which has $1tn (£750m) to speculate from Norway’s oil and fuel revenue, is already one of many largest traders in UK property.

Its chief government has mentioned that it’ll proceed to be a “important” investor within the UK, regardless of Brexit.

The fund takes a long-term funding view of 30-years and expects its UK funding to rise over that interval.

“We foresee that over time that our investments within the UK will improve,” Yngve Slyngstad mentioned.

Commenting on whether or not the dangers related to the UK’s resolution to go away the European Union on 29 March had affected the fund’s funding plans, he mentioned: “With our time horizon, which is 30 years plus, present political discussions don’t change our view of the scenario.”

The fund is a co-owner of London’s Regent Road and is an enormous shareholder in UK based-firms together with HSBC and BP.

It additionally invests in UK authorities debt.