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Norway's wealth fund receives less cash as oil prices dip
Published Mon, May 4, 2015 · 09:50 PM
New York
WHAT happens to a wealthy, oil-reliant nation when crude prices collapse and unprecedented monetary easing threatens to scupper returns for its sovereign wealth fund?
Yngve Slyngstad, who manages Norway's US$900 billion wealth fund, has said many times in the past year that in a low and even negative-interest rate world, the fund will not be able to hit its expected 4 per cent real return.
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