World's biggest sovereign fund losses $21 billion in the first quarter

Discussion in 'Wall St. News' started by dealmaker, Mar 6, 2019.

  1. ironchef

    ironchef

    Get wok, become an ironchef.
     
    #21     May 28, 2019
  2. dealmaker

    dealmaker

  3. zdreg

    zdreg

    The US is a zombie country.
     
    #23     Feb 28, 2020
  4. zdreg

    zdreg

  5. dealmaker

    dealmaker

    Norwegian wealth

    Norway's sovereign wealth fund—at $1 trillion, the world's largest—is going to have to make the unprecedented move of liquidating some of its assets in order to cover withdrawals by the country's government. Such are the demand of the current crisis. Norges Bank Governor Oystein Olsen, who oversees the fund: "It obviously is a positive feature of our society that we have this room to maneuver, unlike a number of other countries." No kidding. Bloomberg
     
    #25     May 8, 2020
    zdreg likes this.
  6. ironchef

    ironchef

    They should be fine if they have a balanced portfolio of cash + bonds + equity + .... Isn't that what savings are for?
     
    #26     May 8, 2020
  7. zdreg

    zdreg

    What do you mean if? Don't you think it is pretentious on your part to tell a sovereign fund that is down a mere two per cent to follow your advice?
     
    #27     May 8, 2020
  8. themickey

    themickey

    This is ET where advise is dished out in ladles full.
    images.jpg
     
    #28     May 8, 2020