Negative returns in Norway

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NORWAY - The market value of the Government Pension Fund-Global increased by NOK46bn (US$8.5bn) during the second quarter of 2008, stabilising at NOK1,992bn (US$367.3bn), despite negative returns.

The fund said falling prices in equity and fixed income markets during the quarter led to a return of -1.9%, measured in an international currency basket. Yngve Slyngstad, executive director of...

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