The best year in the Petroleum Fund’s history.
Fund, also known as the Oil Fund had a return of 25.6 percent.
- The values have come back faster than we could have expected. Normal activation of parts of the fixed income markets that stopped working during the financial aion kinah crisis, has contributed much to the strong excess of 4.1 percent,Beauty Foods, “said Yngve Slyngstad. He is director of Norges Bank Investment Management (NBIM), and presented the fund’s 2009 results in Oslo Friday with Governor Svein Gjedrem.
The market value of the fund at the end of last year 2.640 billion, an increase from 2.275 billion at the end of 2008.
Supply to fund the 169 billion is the lowest since 2004,Software Methods-Banking and Customer, and less than half the record level from 2008. In addition, a stronger krone reduced the value of the fund with 418 billion. This has no effect on the Fund’s international purchasing power, “said Slyngstad.