Posts Tagged ‘Wealth Fund Lost $21 Billion’

Readers may recall in April that Norway’s sovereign wealth fund, the world’s biggest, posted record losses for 1Q20 as the virus pandemic wreaked havoc on global markets.  For more color on the losses, the $1.15 trillion sovereign wealth fund posted a $21.27 billion loss (-3.4%) over the first half of 2020.  Citing “major fluctuations” in equity markets, Deputy CEO of Norges Bank Investment Management Trond Grande said…