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Norway wealth fund posts first decline in 3 years

Thursday, August 20, 2015 - 05:50

Oslo

THE world's largest sovereign wealth fund lost 73 billion kroner (S$12.3 billion) in the second quarter, the first decline in three years, dragged down by falling global bond and stock markets.

The US$870 billion fund declined 0.9 per cent, weighed down by a 2.2 per cent loss