29.10.2015 - World’s Largest Wealth Fund Hit by Oil Slump, Emerging Markets Volatility
The Norwegian state-controlled oil fund reported losses for the first time in four years just as Oslo is planning to start cash withdrawals for the first time in history, thus leveraging additional pressure to enhance the fund’s market performance. Kristian Rouz — Norges Bank Investment Management (NBIM), the world’s biggest sovereign wealth fund, reported its biggest losses in roughly four years this past quarter, as the global economic slowdown and Volkswagen scandal weighed on the aggregated value of the fund’s investment. ..............................................Full Article: Source
Print