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Tangen Brushes Off Calls to Quit as Norway’s SWF Sells Off ...

Summary by IPE
GPFG bounces back from losses in Q2, but krone strength wipes out gains

5 Articles

Center

The Norwegian State's Global Pension Fund presented a profit of 59 billion euros this Tuesday, in the first semester.

Norway's state investment fund reports brilliant figures: The world's largest sovereign fund with a volume of almost two trillion dollars generates a yield of 5.7 percent in the first half of the year.

The oil fund received a return of 5.7 percent in the first half of this year, according to the half-year report. The value of the fund nevertheless fell by 156 billion kroner to 19,586 billion kroner in the same period. The fund writes that one of the reasons for this was that the krone strengthened against several currencies. Equity investments accounted for 70.6 percent of the fund's value, while fixed income investments were 27.1 percent. Unl…

·Norway
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A stronger krone lowered the value of the Oil Fund in the first half of the year, despite a return of NOK 698 billion.

·Oslo, Norway
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Aftenposten broke the news in Oslo, Norway on Tuesday, August 12, 2025.
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