Norway’s Sovereign Wealth Fund Reports Tech-Driven Loss – See’s Great Long Term Success in American Companies

by

https://www.bloomberg.com/news/videos/2025-04-24/norway-s-sovereign-wealth-fund-reports-tech-driven-loss-video
https://www.bloomberg.com/news/articles/2025-04-24/norway-1-7-trillion-wealth-fund-reports-tech-stock-driven-loss?embedded-checkout=true

World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn

Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector.

“The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector,” CEO Nicolai Tangen said in a statement.

NBIM manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the fund currently invests in more than 8,600 companies across 63 countries.

https://www.nbcnewyork.com/news/business/money-report/worlds-largest-sovereign-wealth-fund-reports-40-billion-loss-in-first-quarter-on-tech-downturn/6236694/

h/t KeepIt

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.