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Sovereign Wealth Funds Briefing - Categorized | Performance

SWFs taste bitter losses

Posted on 12 December 2008

From Businessweek.com: So far this year, the funds have seen declines of an estimated 18% to 25% of their assets, which could lead to closer scrutiny in the future. Norway’s $300 billion Government Pension Fund-Global, reported a negative 7.7% return against an international currency basket in the third quarter through September.

That was the worst performance in the 18-year history of the fund, which invests Norway’s oil revenues. And it doesn’t include the likely further drubbings in October and November. …. Full Article: Source


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