29.04.2016 - Norway’s sovereign wealth fund hit by global stock turmoil
Norway’s $870bn oil fund recorded its third quarter of negative returns in the past year as weak stock markets from China to Europe weighed on its results. The world’s largest sovereign wealth fund had a negative return of 0.6 per cent in the first quarter, writes Richard Milne, Nordic correspondent. Trond Grande, deputy chief executive of Norges Bank Investment Management, the oil fund’s manager, said: "The first two months of 2016 were characterised by high market volatility and concerns for a Chinese slowdown. The turbulence eased considerably in March."..............................................Full Article: Source
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