Norway Raids Sovereign Wealth Fund To Cover Government Expenses

– Norway Raids Sovereign Wealth Fund To Cover Government Expenses

Norway’s $890 billion sovereign wealth fund has long acted as a backstop for global equity markets due to it’s ability to measure risk over the long-term.  But that may be coming to an end as Deputy Governor at Norway’s Central Bank, Egil Matsen, warns that withdrawals are “relevant for how we think about the risk-bearing capacity of the fund.”

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