28 October 2022 at 10:05 The Norwegian oil fund lost 449 billion in the third quarter The Norwegian pension fund abroad had a loss of 4.4 per cent in the third quarter. This corresponds to a loss of NOK 449 billion, the fund writes on its website. The fund had a value of NOK 12,216 billion at the end of the third quarter, 30 September 2022. Since then, the Oil Fund has fallen further. The value Friday at 10.00 is 11.925 billion. – The third quarter has been characterized by rising interest rates, high inflation and war in Europe, which has also affected the markets. The return was negative for shares, interest and unlisted property, says Deputy Chairman Trond Grande of Norges Bank Investment Management.
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