World’s Largest Wealth Fund Posts $30 Billion Third-Quarter Loss Caused by Bond Market Rout
OSLO — Norway’s $2.3 trillion sovereign wealth fund, the largest single investor globally, reported an investment loss of 278 billion Norwegian kroner ($29.7 billion) for the third quarter. The decline was primarily driven by sharp drawdowns in its fixed-income portfolio as rising interest rates depressed global bond values. Managed by Norges Bank Investment Management (NBIM), […]
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