Norway’s wealth fund posts record loss of $164 billion

Norway’s sovereign wealth fund, the world’s largest, said Tuesday it recorded a loss of 1.637 trillion Norwegian kroner ($164 billion) in 2022, the largest since its creation, citing volatile markets.

“2022 was a truly dramatic year in the world. It affected financial markets and hence it also affects our global fund,” deputy chief executive Trond Grande of Norges Bank Investment Management which manages the fund told a press conference.

“We had multiple different emergencies and c ..

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