Oil Cash Slump Triggers New Risks at World’s Biggest Wealth FundBy and
The sudden slowdown in capital flows into the world's biggest sovereign wealth fund will add to risks and make it more costly to adjust its strategy, its chief executive officer said.
As crude has plunged below $50 a barrel, Norway's fund has seen a precipitous drop in cash injections from the government. It received just 12 billion kroner ($1.4 billion) in the second quarter, compared with an average of 60 billion kroner over the past 10 years.
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