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.
h/t KeepIt