12.08.2013 - Europe's biggest SWF makes fixed income loss
Norges Bank Investment Management has reported that the sovereign wealth fund it manages - Norway's Government Pension Fund Global - made a loss of -1.4% from its fixed income investments in the second quarter of 2013 - although its overall return of 0.1% still earned it NOK17bn (2.2bn). Offsetting the losses in fixed income were slight gains from equity investments of 0.9%, and stronger returns from real estate of 3.9%. The fund has only been mandated to branch out into real estate in the past few years - it did not announce its first property acquisition until November 2010...............................................Full Article: Source
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