Ode to reason; DIVIDENDS AND DIVISIONS Norway’s sovereign wealth fund cuts Israeli holdings, while courting top American pro-Israel execs Norway’s sovereign wealth fund said on Monday that it was divesting from 11 Israeli companies and had terminated its contracts with external fund managers in Israel over concerns regarding the humanitarian crisis in Gaza and the West Bank, Jewish Insider’s Matthew Kassel reports. Background: The decision follows a review initiated last week by Norway’s finance minister amid media reports that the fund had in recent years increased its holdings in an Israeli jet engine company that provides services to the Israeli military. Nicolai Tangen, CEO of Norges Bank Investment Management, which manages the Norwegian Sovereign Wealth Fund, has worked to build relationships with American business leaders who are supportive of Israel whom he has hosted on his podcast in recent years, including Michael Dell of Dell Technologies and Jonathan Gray of Blackstone — who among others have prominently engaged in philanthropic efforts to support Israel following the Oct. 7 attacks.

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