Norway's state oil fund is looking to follow up its successful shift into equities by "substantially" increasing its real estate investments in the coming years, the head of the Norges Bank Investment Management said at a presentation of the fund's annual report on Friday.

The comments, which followed those made a couple of days earlier by the fund's head of equities that it was recruiting actively in a bid to double the size of its 90-strong equity team, comes as a zero return on traditional