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World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter

From cnbc.com

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss of 374 billion Norwegian kroner ($34 billion) in the third quarter, citing a weaker three-month period, compared to the first half of the year. The results were still 0.17 percentage points stronger than the return on the fund’s benchmark index. The fund last reported a quarterly loss one year ago. It comes at a time when the market remains weighed down by longer-term concerns about the broader ... (full story)

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  • Category: Fundamental Analysis