21.08.2015 - Norway's sovereign wealth fund posts first negative return in three years
Norway's sovereign wealth fund posted a -0.9 percent return, or a loss of 73 billion Norwegian kroner (8.79 billion U.S. dollars), in the second quarter of 2015, the first negative quarterly return in three years, the fund said on Wednesday. Equity, fixed-income and real estate investments returned -0.2 percent, -2.2 percent and 2.0 percent respectively in the quarter, according to a statement of the fund, formally known as the Government Pension Fund Global (GPFG) and ranked as the world's biggest sovereign wealth fund...............................................Full Article: Source
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