Norwegian domestic fund loses 25%

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NORWAY - Norway's domestically invested pension fund lost over 25% during 2008 in what it termed an "historically turbulent and challenging year".

The Government Pension Fund - Norway, managed by social security body Folketrygdfondet on behalf of the government, ended the year with assets under management of NOK87.8bn (US$12.3bn), down 25.1% ...

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