Norwegian Fund Fell 2.2% Last Quarter

Norway’s $620 billion sovereign wealth fund, Europe’s largest equity investor, saw its assets decline 2.2 percent last quarter as stocks fell on concern the euro area’s debt crisis would hamper a global recovery.

The Government Pension Fund Global lost 77 billion kroner ($13 billion) on its investments, as measured by a basket of currencies, it said in a statement. Equity investments slipped 4.6 percent, while the fund’s bonds returned 1.5 percent.

 Bloomberg Bus.Week