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Oil fund publishes Q3 returns with CEO on his way out after NOK 10,000bn milestone

North American securities were the positive contributors in a quarter where the return on equity investments exceeded NOK 1,000bn. The fund is now searching for a new Chief Executive Officer.
Norwegian wealth fund CEO Yngve Slyngstad speaks at a news conference in Oslo, Norway Febuary 27, 2018. | Photo: Gwladys Fouche/Reuters/Ritzau Scanpix/REUTERS / X03825
Norwegian wealth fund CEO Yngve Slyngstad speaks at a news conference in Oslo, Norway Febuary 27, 2018. | Photo: Gwladys Fouche/Reuters/Ritzau Scanpix/REUTERS / X03825
by SØREN RATHLOU TOP

Last week, The Government Pension Fund Global fund announced that its asset value had passed a NOK 10,000bn (975bn) milestone. Today, the same fund publishes a 1.6 percent return, equivalent to NOK 236bn (EUR 23bn), in the third quarter of 2019.

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