Norway oil fund opens second office in Asia

After the opening of its Shanghai office two years ago, Norges Bank Investment Management (NBIM) -- considered to be the world's second largest sovereign wealth fund -- says it is opening a second Asian investment office in Singapore. NBIM manages the global investments of the Norwegian Government Pension Fund, the bulk of the Norwegian central bank's foreign exchange reserves and the country's Government Petroleum Insurance Fund. The disclosed value of just the pension portion of its…