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Norway's Wealth Fund Made Record Returns In First Quarter, Looking At Uber IPO: 9.1%

TedTed
in Fund Discussions
FYI: Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, made record returns on investment in the first quarter amid a surge in tech stocks.

Separately, the fund is assessing whether to make an investment in ride-hailing company Uber Technologies Inc, which is planning an initial public offering, its chief executive told Reuters.

The fund earned 738 billion Norwegian crowns ($84.15 billion) for the January-March period, the highest amount it has ever recorded.

When measured in terms of the fund’s international currency basket, the return for the quarter stood at 9.1 percent, beating its benchmark, it added.
Regards,
Ted
https://www.reuters.com/article/us-norway-swf/norways-wealth-fund-made-record-returns-in-first-quarter-looking-at-uber-ipo-idUSKCN1S9132

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