Norway wealth fund posts record $222 billion profit but warns tech boom won't last
Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.
Norway’s sovereign wealth fund invests $400 million in Bitcoin
Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), has increased its indirect Bitcoin exposure by 153% year-over-year
World’s largest sovereign wealth fund grows indirect BTC exposure by 153%
According to K33 Research, Norway’s Government Pension Fund Global has amassed more than $356 million in indirect Bitcoin exposure, based on current prices.
World's largest sovereign wealth fund reports $222 billion annual profit on tech rally
Norway's sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally. Its return on investment came in at 13% for the year, 45 basis points lower than the return on the fund's benchmark index.
Norway’s Wealth Fund Reduced US Tech Exposure to Limit Risk
Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.
Norway's wealth fund grows Bitcoin exposure to 3,821 BTC
Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), was reported to have increased its indirect exposure to Bitcoin by 153% year-over-year, reaching a total of 3,821 BTC,
Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'
Text messages show Elon Musk rejected a dinner invite from Nicolai Tangen, head of Norway's oil fund, and lectured him on how ...
Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice
Musk texted Tangen it would be too “difficult and expensive” to travel to Oslo for a home-cooked dinner with other CEOs.
Pensions&Investments1d
Norges Bank returns 13% in 2024 on tech stocks gains
Norges Bank Investment Management — the official name of the $1.8 trillion fund — saw investments in equities gain 18% in ...
Norges Bank votes for activist's four candidates in Air Products board fight
Norway's sovereign wealth fund, one of Air Products and Chemicals' 10 biggest investors, said it will vote for all four of ...
Norwegian central bank reveals stake in MicroStrategy
MicroStrategy Inc (NASDAQ: MSTR) is in focus today after the Norwegian central bank revealed it holds a sizable stake in the ...
Central Banking7d
Norges Bank says time is not yet right for easing
Norway’s central bank today (January 23) kept its policy rate at 4.5% but signalled a cut was likely in March. Norges Bank ...
Norges Bank keeps rates at 4.5%, sees cut in March
Norway’s central bank kept interest rates unchanged on Thursday at a 17-year high of 4.5%, as it said rates will likely be ...
Wall Street Journal7d
Norges Bank Holds Key Rate Steady, Still Eyes March Cut
Norway’s central bank held its key policy rate at 4.5% and reaffirmed that it will likely begin monetary policy easing in March, but noted concern over potential trade tariffs from the U.S. The ...
Norges Bank - Form 8.3 - Direct Line Insurance Group plc
*Norges Bank does not have discretion regarding dealing and offer acceptance decisions with respect to 7,746,626 shares that are included in the total above.