12.03.2009 - Norway Oil Fund shrank 23% last year on stock plunge
From Bloomberg: Norway’s sovereign wealth fund, the world’s third largest, lost a record 633 billion kroner ($90.5 billion) last year, wiping out gains since the fund started investing the country’s oil revenue 12 years ago. The Government Pension Fund - Global’s investments fell 23 percent in 2008 as measured by a basket of foreign currencies, Norway’s central bank said today in a report. The fund, worth 2.28 trillion kroner, lost 41 percent on stocks and 0.5 percent on bonds..... Full Article: Source
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