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  • World's largest sovereign wealth fund reports $21 billion loss after 'volatile' first half of the year

    From cnbc.com

    Norway’s huge pension fund — the largest sovereign wealth fund in the world — reported negative returns for the first half of the year on Tuesday, citing “major fluctuations” in equity markets. The Government Pension Fund Global said it returned -3.4% for the first six months of 2020, equivalent to -188 billion kroner (-$21.3 billion). “There were major fluctuations in the equity market in this period. The year started with optimism, but the outlook of the equity market quickly turned when the Corona virus started to spread globally,” Deputy CEO of Norges Bank Investment Management Trond Grande said in ... (full story)

wtf please close down your firm, whats the point of all your fancy degrees if you cant trade for shiit and you make losses just like masses, then why dont you hire normal traders if those "experts' also cant trade for shiit.
Quoting Muhammedfx
wtf please close down your firm, whats the point of all your fancy degrees if you cant trade for shiit and you make losses just like masses, then why dont you hire normal traders if those "experts' also cant trade for shiit.
You realize this is a massive pension fund right? At over 600$+ billion to manage they are not nimble like retail traders and smaller firms. They cant just pop in and out of positions on that scale without moving the market a lot. Pension funds are typically restricted to certain types of investments, they cant trade everything and anything.
Quoting Vancarbon
{quote} Save your breath ;0) ......and his comments coming from a " Commercial trader " Give me strength !
" Commercial trader " I was thinking the same thing after I posted that haha.
plus these are old results, form the inital covid collapse, they have likey made most of it back from the equity markets rebound to record levels, in fact they may even be ahead of the game.
These are equity trading, when the downturn start, who will want to buy your $5b stake in a company that could be negatively impacted (the airlines would be an example in the current situation). A fund that has $21b as mere 3.4% is huge.

Even the Quintessential Investor Mongul (Buffet) declared close to $50b loss.

Investment are not assured of good returns all the time
Quoting JustBreathe
{quote} You realize this is a massive pension fund right? At over 600$+ billion to manage they are not nimble like retail traders and smaller firms. They cant just pop in and out of positions on that scale without moving the market a lot. Pension funds are typically restricted to certain types of investments, they cant trade everything and anything.
It's actually just north of USD 1 trillion these days.
SUCKERS.
Not like they ever care when I lose money.
SUCKERS.
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The fact that Norway has a sovereign fund and not debt is still amazing to me. Went to Oslo last year. I would move there. Fantastic people and country.
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  • Posted: Aug 18, 2020 9:32am
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     Newsstand
    Category: Entertainment News
    Comments: 8  /  Views: 9,157
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