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World's biggest sovereign fund losses $21 billion in the first quarter
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The US is a zombie country.
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
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
They should be fine if they have a balanced portfolio of cash + bonds + equity + .... Isn't that what savings are for?
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?
