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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


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