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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Performance

Sovereign fund’s losses roil Norwegians

Posted on 18 August 2011

Sticking to a financial plan can be challenging, even if you are the world’s largest sovereign wealth fund. Or, so it seems, sometimes, for Norway’s Government Pension Fund Global and the handful of active traders at Norges Bank Investment Management — challenged during the first two weeks of August to explain the loss of 200 billion kroner ($372-million U.S.) in equity value, as much as its stock losses for all of the second-quarter.
“It happened very fast,” fund director Ygve Slyngstad said as he delivered Q2 numbers. There’s no comment yet on August’s losses……………………………………….Full Article: Source


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