$1 Trillion Norway Wealth Fund Sees “Red Flag” In Real Estate Market

Back in September, we pointed out that assets managed by Norway’s sovereign wealth fund had surged to over $1 trillion after they made the controversial decision to increase their exposure to global equity bubbles (see: Norway Wealth Fund Assets Surge To Over $1 Trillion On Massive 70% Allocation To Equities). The move has worked out perfectly in the short term, though we still have our doubts as to whether the “greater fool” theory works over the long term…certainly it never has before but maybe this time is different.

Alas, as Bloomberg points out today, bubbles in equity markets aren’t the only ones to have attracted the attention of Norway’s wealth management team which is scooping up commercial real estate projects all over the world, despite their own acknowledgement of “red flags.”

This post was published at Zero Hedge on Nov 24, 2017.