13.08.2012 - Norway SWF suffers in second quarter
Norway’s Government Pension Fund Global, the second-largest sovereign wealth fund in the world, has blamed global stock markets for a negative return over the second quarter, as it pursues a strategy to reduce its holding of bonds in developed European nations. The fund returned -2.2% over the second quarter, according to a report by its investment manager, Norges Bank Investment Management. The bank said that the Nkr3.6 trillion (£390bn) fund returned -Nkr77bn in the three months to the end of June...............................................Full Article: Source
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