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Norway wealth fund posts record $222 billion profit
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
Norway’s gigantic sovereign wealth fund posted a full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday. Norges Bank Investment Management, which manages the fund, said the returns were driven by the AI boom that drove tech stocks higher in 2024.
World’s Largest Sovereign Wealth Fund Has Indirect Bitcoin Exposure of More Than $355M
The world’s largest sovereign wealth fund, Norway’s Norges Bank Investment Management (NBIM), has amassed $356.7 million in indirect bitcoin
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.
invezz on MSN
18h
Why Norway’s trillion-dollar fund remains committed to renewable energy
Despite recent market setbacks, Norway's $1.8 trillion sovereign wealth fund remains committed to investing in renewable ...
1d
on MSN
Elon Musk disses boss of Norway’s $1.7T wealth fund that voted against his massive pay deal
Last summer, the firm helped strike down a $56 billion pay deal for Musk that would now be valued at around $100 billion ...
2d
on MSN
Elon Musk Clashes With Norway Wealth Fund CEO; 'Friends Are as Friends Do'
OSLO (Reuters) - Tesla CEO Elon Musk has clashed with Nicolai Tangen, CEO of Norway's sovereign wealth fund, one of the ...
10d
on MSN
Abu Dhabi's $330-billion sovereign wealth fund says no one appreciates the level of disruption that AI is about to unleash
The technology is moving so fast and we’re all trying to catch up as much as possible,” Al Mubarak told CNBC at the World ...
Gulfbusiness.com on MSN
2h
Abu Dhabi fund ADQ, Orion joint venture to invest $1.2bn in metals, mining
ADQ said that the venture will initially invest $1.2bn over four years in mining companies in emerging markets in Africa, ...
2d
Philippine Wealth Fund Buys Stake In Electricity Grid For $337 Million
Maharlika Investment Corp. will buy 20% of Synergy Grid and Development Philippines for $337 million, marking the sovereign ...
17h
Norway Central Bank’s Fund Owns $500M of MicroStrategy
Norway’s sovereign wealth fund has amassed almost $360 million in indirect bitcoin exposure, while simultaneously investing ...
20h
Norway's wealth fund sticks to investments in renewables despite market setbacks
Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent ...
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