“Two quarters of strong returns were followed by a virtually flat quarter,” says the CEO Yngve Slyngstad.
The fund returned 0.1 percent, or 15 billion kroner, in the third quarter of 2014.
The fund generated an annual return of 5.7 percent from the establishment of Norges Bank Investment Management in 1998 to the end of 2013. After management costs and inflation, the return was 3.6 percent. The return in dollars was 6.7 percent.