24/4/2025, 3:14:02 pm

World's largest sovereign wealth fund hit by tech meltdown

Norges Bank Investment Management, Norway's $1.7 trillion sovereign wealth fund, reported a $40 billion loss in Q1, driven by tech sector declines amid market fluctuations. Despite this, the fund's performance was 0.16% better than its benchmark. The fund holds stakes in over 8,600 companies, with 70% in equities and received a $7.5 billion government deposit.