- Advertisement -
- Advertisement -

Related

World’s Biggest Wealth Fund Dings Tesla

Latest Report

- Advertisement -

(ZeroHedge) – Norway’s $1 trillion wealth fund – the largest in the world – reported earnings for Q2 on Tuesday, a quarter in which it made $20 billion but mostly thanks to the oil and gas stocks that it looking to divest as part of its clean mandate. However, its overall return was hurt due to its massive exposure to global stocks which suffered in the quarter due to trade war fears: in the second quarter, the fund posted a 1.8% return following a loss in the first quarter, resulting in a paltry 0.24% return in the first half, its worst performance in 8 years.

The fund, which owns 1.4% of global stocks, saw its total stock holdings rise 2.7%, while bonds were unchanged and real estate provided a 1.9% return.  The fund, also known as Norges Bank Investment Management, is a major shareholder in the U.S. tech giants. Its largest stock holdings at the end of the quarter were Apple Inc., Amazon.com Inc. and Microsoft Corp. Its largest bond holdings were in U.S. Treasuries, followed by Japanese and German government debt.

Read the full article here

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Syndicated News
Syndicated News
Posts in this category or typically curated, or syndicated from other suppliers that are usually not affiliated to HedgNordic. These could be other financial media, blogs or other online publications. Posts in this category are typically generated and published automatically.

Latest Articles

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.