The largest sovereign wealth fund in the world, Norway’s, reported on Thursday that its first quarter of 2025 had witnessed a negative return of 0.6 percent, or 415 billion kroner ($39.7 billion).
“Notable changes in the market have affected the quarter. The tech industry was a major factor in the poor return on our equity investments,” said Nicolai Tangen, head of the Norwegian sovereign fund, in a statement.
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