Scandal

The Norwegian Government Pension Fund Global is the largest sovereign wealth fund in the world.

It has more than 500 employees and invests in real estate and securities outside Norway.

Since its inception in 1998, the oil fund has lost 4 x the 2024 Norwegian state budget when we compare with the gold price as bench mark, which should be a bear case scenario.

The fund isn't allowed to invest in gold or Bitcoin.

I and a friend will release an article about this in Norwegian newspapers this week.

We might translate it into English and see if we can have it printed somewhere else.

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Discussion

Awesome. Shine a light.

🙏

Curious to read this! 🧡

Interesting, I had heard that this fund was well-run and performing solidly

What paper?

Too many Wall Street former trainees running the fund, sending the money to their previous employers