Norway’s sovereign wealth fund posted a 9%+ return in the first half — $185 billion in profit on $2.3 trillion. Best re…
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Norway’s sovereign wealth fund posted a 9%+ return in the first half — $185 billion in profit on $2.3 trillion. Best result in the fund’s history. CEO Nicolai Tangen’s response was to warn the country the whole thing could disappear. His argument isn’t doom-posting. He says the last 30 years — low rates, low inflation, falling corporate taxes — were the abnormal period, and that’s exactly when the fund grew. Their own model puts the downside at a third of the fund under a severe shock. If you…
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