The world's largest sovereign wealth fund lost $21 billion in the first 6 months of 2020 as COVID-19 decimated returns

Business Insider

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· *Norway's sovereign wealth fund, the largest in the world, suffered a 3.4% drop in the first half of the year, equivalent to around $21 billion.*
· *Norges Bank Investment Management, which manages the Government Pension Fund Global, said losses were due to "major fluctuations in the equity market."*
· *The fund's equity...

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