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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway’s oil fund makes 2nd quarterly loss in row

Posted on 29 October 2015

Norway’s $863 billion sovereign wealth fund made a loss on its investments in the three months ended September for the second quarter in a row, as stocks continued to drop and Volkswagen weighed on results, the fund said today.
The fund lost 273 billion crowns ($32 billion) in the quarter, after a loss of 73 billion from April to June, equivalent to a return on investment of minus 4.9% in the third quarter, against minus 0.9% in the second quarter. Those losses were recouped in October, with the fund earning some 300 billion crowns, the fund’s chief executive later said………………………………………..Full Article: Source


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