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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Performance

Norway oil fund’s investments value slide nearly 5%

Posted on 29 October 2015

Norway’s sovereign-wealth fund, the world’s biggest by assets, reported a near five percentage-point loss on its investments in the third quarter, pulled down by negative returns from its equity investments amid weaker global markets.
Norges Bank Investment Management, the arm of the central bank that manages the fund, said Wednesday that the value of the fund’s investments fell by 273 billion Norwegian kroner ($32.17 billion) before the impact of a weaker Norwegian krone in the period………………………………………..Full Article: Source


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