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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance

External managers blamed for performance of Norwegian oil fund

Posted on 21 May 2009

From Citywire.co.uk: The €236 billion Norwegian Government Pension Fund - Global, also known as the Norwegian Oil fund, has reported a negative return of 4.8% during the first quarter of this year.
This means a loss from the sovereign wealth fund of some NOK66 billion (€7.53 billion), although it only represents a modest underperformance of -0.3% from its custom benchmark…….Full Article: Source


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