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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway oil fund value drops by NOK15bln on Japan disaster

Posted on 16 March 2011

From Tradingmarkets.com: Norway’s sovereign wealth fund, known as the oil fund (Oljefondet), may have suffered losses of NOK15bn in its market value from the depreciation of Japan stocks after the earthquake last Friday, Norwegian news source HegnarOnline said.
The fund owned shares in 1,327 Japanese companies, worth a total NOK89bn, according to its annual report for 2009. Among the investments were 0.83% of Tokyo Electric Power Company, or Tepco, which owns the quake-crippled nuclear power plant Fukushima Daiichi……………………………………….Full Article: Source


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