Norway's wealth fund receives less cash as oil prices dip

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.