Norway sovereign wealth fund posts negative return of $39.7 bn

Norway’s sovereign wealth fund, the world’s biggest, said Thursday it had seen a negative return of 0.6 percent, 415 billion kroner ($39.7 billion), in the first quarter of 2025.

“The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector,” Nicolai Tangen, head of the Norwegian sovereign fund, said in a statement.