Norway pension fund assets down 5.63%

Norway’s 1.95 trillion kroner ($391 billion) Government Pension Fund-Global lost 5.63%, or 114.8 billion kroner, in the first quarter because of investment losses, according to Norges Bank Investment Management, which oversees the fund. The fund also lost an additional 2.3%, or 46.1 billion kroner, because of changes in currency values. Equity investments returned -12.67%, while fixed-income investments returned 0.87%, in the period. For the year ended March 31, the fund’s assets rose 3.71%.