Norway wealth fund posts record loss of $164b in 2022

Norway wealth fund posts record loss of $164b in 2022

Photo: Mikita Karasiou

Norway‘s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a three-year run of soaring profits as stocks and bonds were hit by the Ukraine war and inflation.