The ripple effects of Russia’s invasion of Ukraine caused the biggest loss since the 2008 financial crisis for Norway’s US$1.3 trillion sovereign wealth fund – and put boosters on its case for portfolio diversification into private markets.The Government Pension Fund Global, managed by Norges Bank (NBIM), lost 14.1%, equivalent to...
The ripple effects of Russia’s invasion of Ukraine caused the biggest loss since the 2008 financial crisis for Norway’s US$1.3 trillion sovereign wealth fund – and put boosters on its case for portfolio diversification into private markets.The Government Pension Fund Global, managed by Norges Bank (NBIM), lost 14.1%, equivalent to...