Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year - Earth News Report
Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.Bloomberg | Bloomberg | Getty Images Norway's sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing "very unusual" market conditions. The so-called
