13.08.2012 - Norway wealth fund lost $13 bln in quarter as stocks plunged
Norway’s sovereign wealth fund, Europe’s largest stock investor, lost 77 billion kroner ($13 billion) in the second quarter as stocks slumped on concern the region’s deepening debt crisis would derail the global economy. The $620 billion Government Pension Fund Global fell 2.2 percent, as measured by a basket of currencies, the Oslo-based investor said today. Its equity investments fell 4.6 percent, while its bonds returned 1.5 percent...............................................Full Article: Source
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