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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Oil fund continues to suffer

Posted on 15 August 2011

Norway’s sovereign wealth fund, known officially as the “Government Pension Fund – Global” and unofficially as the “oil fund,” continues to lose value in the current international financial climate, with second quarter figures released on Friday suggesting that the outlook for the fund has not been particularly positive for much of the year.

The fund managed just a 0.3 percent yield on its investments in the second quarter of 2011, relying on fixed-income investments that gave a return of 1.8 percent to make up for a 0.7 percent loss in equity holdings……………………………………….Full Article: Source

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