The model was based on analysis of historical trading data and was used to predict the most favorable time for the fund to invest in the market, given a number of trends and factors.
“My project was primarily to look at trading patterns in government bonds, but I used the findings to build a model. As I sat next to the traders during the summer to learn as much as possible, it was exciting to be able to test the model - and rewarding to see that the model worked, “says Liselotte and adds:
“I certainly would not have learned as much as I did without the people I worked with and the guidance I received. “
Data science student
Ahead of the summer internship at NBIM, Farstad studied Data Science for Business at BI, where she had learned a combination of programming, statistics and economics.
“The study program was practically oriented, so the fact that I knew a little about how data can be used effectively was a huge advantage in the internship”, she says.
The former BI student has now started a Master of Banking & Finance at the University of St. Gallen in Switzerland.
“NBIM was an invaluable experience from which I grew a lot, and the summer job gave me a strong indication of what I would like to work with as a professional. I've just started my master studies and I'm really enjoying it.”
In September, CEO of NBIM, Nicolai Tangen, visited BI at a student event organized by BI's professor and lecturer Giovanni Pagliardi, where he encouraged more students to apply for the fund’s graduate programs and summer internships.
“The summer at NBIM was absolutely incredible! I got to meet many nice people, learned a huge amount about both finance and myself, and I got to see how such a large and important financial institution works.“
The oil fund is one of the world's largest funds and owns shares in more than 9,000 companies worldwide. On average, the fund owns 1.3 percent of all listed companies in the world.