Norway’s oil fund hits $1000000000000 in value

Norway’s sovereign wealth fund, popularly known as the oil fund, has this week reached a staggering value of one trillion U.S. dollars  ($1,000,000,000,000) for the first time. The world’s largest sovereign wealth fund got its first capital in 1996 when the oil revenue from the government was transferred to the fund for the first time. The […]

Read full original article »