Petroleum Fund posts highest quarterly returns since 99

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NORWAY - The Government Petroleum Fund (Statens Petroleumsfond) has become the latest fund to benefit from the recent rebound in global equity markets, after posting its highest quarterly results since 1999.

The fund returned an overall 7.7% in Q2, beating its benchmark by 0.07%. The last time it reached an equivalent high was in Q4, 1999, when it registered 8.0%. Its equity portfolio posted a 15.6%...

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