Norway’s sovereign wealth fund has reported first-quarter losses on its investments, citing falling stock markets.
The fund’s return was minus 1.5 percent, lagging the positive return of 3.5 percent at the end of last year.
The country’s $1 trillion rainy day savings pot is the biggest state fund in the world. It was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector and it now owns an average 1.4 percent of the world’s listed stocks. […]