Norway Wealth Fund Reports Third-Quarter Investment Losses
Norway’s sovereign wealth fund lost value on investments in the third quarter, excluding additional losses from the strengthening Norwegian krone. The report attributes the losses to bonds.
By Joe Wallace$30 billionThat's how much Norway's sovereign wealth fund, the world's biggest investor, lost on its investments in the third quarter. The number strips out additional losses from the strengthening Norwegian krone.The culprit? Bonds, which ended the quarter with lower prices across th…