World’s Biggest Sovereign Wealth Fund Delivers Record Return

(Bloomberg) Norway’s sovereign wealth fund delivered its biggest return on record in 2017, capping a year in which it passed the $1 trillion mark and shocked markets by proposing to drop oil and gas stocks. Not since the fund was created at the end of the last century has it made more money in a single year, measured in kroner, the Oslo-based investor said on Tuesday. The 2017 return was equivalent to $131 billion, or 13.7 percent.

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