✉news BusinessBanking first seen 2 d ago, last 2 d ago, peak #15
Norway wealth fund loses $30 billion in third quarter
Original: Norway's wealth fund posts $30 billion loss in third quarter
Norway's sovereign wealth fund, the world's largest, reported a loss of around $30 billion for the third quarter. The decline was driven by falls in equity markets, hitting the fund that invests Norway's oil revenues on behalf of current and future generations. Analysts are watching how the shortfall affects returns after a volatile stretch for global markets.
Why now: The world's biggest sovereign wealth fund reporting a large quarterly loss draws wide attention given its impact on Norway's finances and global markets.
Norges Bank Investment ManagementNorway
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