from Hacker News

Norway’s sovereign wealth fund said it had lost $124B this year

by minkeymaniac on 3/26/20, 1:09 PM with 7 comments

• by AnotherGoodName on 3/26/20, 5:54 PM

  >Its investment portfolio dropped 16.2%, all but erasing the 20% gains made last year

  When pretty much all major stock indices drop by 30% this is a remarkable win. I'm impressed they it's such a small percentage of the fund that was lost in this climate.

  Also how the hell did they make 20% last year. I guess it's true that the big funds like this are simply way ahead of what any individual could ever hope to achieve. Consistently smaller losses and bigger wins year on year.

• by chairmanwow1 on 3/26/20, 5:59 PM

  Can we change the title to something less click-baity? They are still up for the year.

  Not to mention that it’s incredible the wealth fund has done so well in relation to such a tremendous bear market.

• by j7ake on 3/26/20, 6:17 PM

  Most fund managers would probably be happy that their portfolio only dropped 16%, with a gain of 20% one year before...