Fri, Apr 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

Norway oil wealth fund has best year ever in 2009

Posted on 08 March 2010

From Businessweek.com: Norway’s vast fund for oil wealth posted a 25.6 percent return on investment for 2009 — its best ever — as international markets recovered from the global financial crunch, the central bank said.

Norges Bank reported that the fund gained 613 billion kroner ($103.4 billion) on investments. That’s the best result since Norway established the sovereign wealth fund in 1996 to invest surplus oil revenue abroad and avoid overheating its domestic economy………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13934 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930