Oil fund lost 4.9 pct in the first quarter as markets roiled

Norway decided on Feb. 27 to drop Russian assets from the fund in response to the country’s invasion of Ukraine, but ran into problems with actually implementing the decision after Russia banned foreigners from executing trades on its stock markets.

Deputy Chief Executive Officer of Norway’s sovereign wealth fund Trond Grande. | Photo: PR: NBIM

By Lars Erik Taraldsen and Stephen Treloar, Bloomberg

Norway’s USD 1.3trn sovereign wealth fund, the world’s biggest, lost USD 74bn in the first quarter after Russia’s invasion of Ukraine and lockdowns in China roiled markets.

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Norway blacklists Russian and Belarusian bonds, denies that oil fund is foreign policy instrument

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

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Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager